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LAWS OF MARYLAND

Ch. 8

Laws to read as follows:

Upon the failure of any person to file the annual report
required by § 251 within the time therein specified the State
Department of Assessments and Taxation may impose on such person
a penalty of $5.00, and in addition $1.00 for each ten days or
fractional part thereof during which such default shall continue,
and a further penalty of $10.00 if such default shall have
continued for more than eighty days. [For annual reports due by
the 15th day of April, 1984 and all succeeding years, the
Department shall impose an initial penalty of 1/10 of 1 percent
of the State assessment, and in addition, 2 percent of the
initial penalty amount for each 30 days or fractional part
thereof during which such default shall continue; provided,
however, that the initial penalty shall not be less than $25.00
nor more than $500.00. Such penalties shall be added to and
become a part of any State tax assessed by the State Department
of Assessments and Taxation against such person, and may be
collected from such person by the Comptroller by suit or
otherwise in the same manner as taxes. The State Department of
Assessments and Taxation shall have power on good cause shown to
it to abate or reduce any penalty imposed as aforesaid, and in
that event the State Department of Assessments and Taxation shall
forthwith notify the Comptroller of such abatement or reduction,
and only the balance, if any, of the penalties remaining after
such abatement or reduction shall be collected as aforesaid. The
State Department of Assessments and Taxation may grant an
extension of up to 60 days for the filing of an annual report.
Requests for any extension must be received by the Department on
or before the 15th day of April of the year in which the return
is due.]

REVISOR'S NOTE: Ch. ____, Acts of 1985, which enacted the

Tax - Property Article, also amended former Art. 81, §
252 to delete the second through sixth sentences.

The second through sixth sentences of former Art. 81,
§ 252 that relate generally to penalties for failure
to file an annual report, collection of the penalty,
abatement or reduction of penalties, and extension to
file reports, now appear as § 14-704 of the Tax
Property Article.

SECTION 19. AND BE IT FURTHER ENACTED, That,
notwithstanding the provisions of Section 8-103 of the Tax
Property Article, the valuation of real property under or
pursuant to any private contract or covenant which was entered
into or imposed prior to May 2, 1978 (the effective date of
Chapter 175 of the Laws of Maryland of 1978) and which provides
funds for facilities and services available to the public through
the imposition of payments or charges based on valuations made by
the State for real estate tax purposes shall be and remain 50% of
value.