764

LAWS OF. MARYLAND

Ch. 171

(a)  The governing body of a county, the chief
administrative officer in Montgomery County, or the supervisor in
Baltimore City for any local taxes that are due, shall make
allowances for:

(1)  insolvencies or removals as to personal property;

(2)  refunds made under law; or

(3)  decreasing or abating assessments under § [8-421]
8-419 of this article.

(b)  On certificates by the governing body of a county, the
chief administrative officer in Montgomery County, or the
supervisor in Baltimore City, the Comptroller, for any State
taxes that are due, shall make allowances for:

(1)  insolvencies and removals as to personal
property;

(2)  refunds made under law; or

(3)  decreasing or abating of assessments under §
[8-421] 8-419 of this article.

4-402.

If a collector fails to remit taxes or the interest and
penalty on the taxes, TO THE STATE OR THE COUNTY as provided
under this title, the collector shall be charged interest at the
rate of 6% a year on all taxes, interest, and penalties not paid
TO THE STATE OR COUNTY from the time they are due.

5-102.

(b) (2) If tangible personal property located in the State
is not permanently located in any [place] COUNTY, it is subject
to assessment where the owner resides.

5-102.

(E) IF TRUSTEES OF PERSONAL PROPERTY INCLUDE TRUSTEES WHO
ARE NONRESIDENTS OF THE STATE, THE PROPERTY SHALL BE TREATED AS
HELD BY A RESIDENT OF THE STATE IN THE SAME PROPORTION THAT THE
NUMBER OF TRUSTEES WHO ARE RESIDENTS OF THE STATE BEARS TO THE
TOTAL NUMBER OF TRUSTEES. THE REMAINDER OF THE PROPERTY SHALL BE
TREATED AS HELD BY A NONRESIDENT OF THE STATE.

6-101.

(a) (1) Except as otherwise provided by subsection (b) of
this section and Title 7 of IN this article, all property located
in this State is subject to assessment and property tax AND IS
TAXABLE TO THE OWNER OF THE PROPERTY.