HARRY HUGHES, Governor

97

Defined terms: "Corporation" § 1-101
"County" § 1-101 "Department" § 1-101
"Municipal corporation" § 1-101

2-221. PAYMENT TO TREASURER; ACCOUNTING TO COMPTROLLER.

THE DEPARTMENT SHALL:

(1)  PAY IMMEDIATELY TO THE TREASURER FOR DISTRIBUTION
AS PROVIDED BY THIS PART II OF THIS SUBTITLE ALL ORGANIZATION AND
CAPITALIZATION FEES AND ALL RECORDING, FILING, OR OTHER FEES THAT
ARE COLLECTED BY THE DEPARTMENT UNDER § 1-203 OF THE CORPORATIONS
AND ASSOCIATIONS ARTICLE; AND

(2)  ACCOUNT QUARTERLY TO THE COMPTROLLER FOR ALL
MONEY COLLECTED AND PAID UNDER THIS SUBTITLE.

REVISOR'S NOTE: This section formerly appeared as Art. 81,
§ 247C(e).

The requirements of former Art. 81, § 247C(e) are
reordered because the payments, which are made to the
Treasurer on a daily basis, precede the accountings
that are made to the Comptroller.

In item (1) of this section, the reference to "this
Part II of this subtitle" is substituted for the
former word "section" to include expressly not only
the distribution of annual filing fees as provided
under § 2-220 of this subtitle, but also the
distribution of recording and special fees as provided
under § 2-219 of this subtitle.

Also in item (1) of this section, the reference to
"organization and capitalization fees" is substituted
for the former reference to "bonus taxes", for
clarity.

Defined term: "Department" § 1-101

GENERAL REVISOR'S NOTE:

I. Evolution of the assessment process.

The mechanism for conducting assessments in the State has
undergone significant changes since 1959. Chapter 757, Acts of
1959, removed from the county and Baltimore City governments
responsibility for making assessments, abolished the State Tax
Commission, and substituted, in its place, the Department of
Assessments and Taxation and the Maryland Tax Court. Fourteen
years later, Ch. 784, Acts of 1973 provided for the transfer of
supervisors, assessors, and related clerical personnel from local
employment with the counties to State employment with the
Department.