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LAWS OF MARYLAND

Ch. 69

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
be construed retroactively and shall be interpreted to affect,
apply to, and authorize any property tax payment deferral program
conducted by the governing body of Montgomery County on or after
July 1, 1985.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage.

Approved April 8, 1986.

CHAPTER 69

(House Bill 910)

AN ACT concerning

Property Tax - Town of Princess Anne - Delinquent Taxes

FOR the purpose of authorizing the governing body of the Town of
Princess Anne to establish a certain interest rate for
overdue property taxes due the Town; and requiring the
interest rate not to exceed a certain amount.

BY repealing and reenacting, with amendments,

Article - Tax - Property
Section 14-603(b)
Annotated Code of Maryland
(1986 Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Tax - Property

14-603.

(b) For the following counties and municipal corporations
the rate of interest for each month or fraction of a month that
county or municipal corporation property tax or taxing district
property tax is overdue is:

(1) 1% for Garrett County;