WILLIAM DONALD SCHAEFER, Governor                   Ch. 250

(3) INTEREST UNDER THIS SUBSECTION IS AT THE RATE
DETERMINED UNDER § 204 OF THIS ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987, and is applicable to declarations of
estimated gross receipts tax made after that date.

Approved April 29, 1987.

CHAPTER 250

(House Bill 983)

AN ACT concerning

Talbot County - Tax Sales - Rate of Redemption

FOR the purpose of providing that in Talbot County, the rate of
redemption paid on money deposited to purchase property
subject to a tax sale in the county may be at a rate as
fixed by enactment of the County Council.

BY repealing and reenacting, with amendments,

Article - Tax - Property
Section 14-820(b)
Annotated Code of Maryland
(1986 Volume and 1986 Supplement)

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

Article - Tax - Property

14-820.

(b) The rate of redemption is 6% a year except:

(1)  in Anne Arundel County the rate is 6% a year or
as fixed by a law of the County Council;

(2)  in Baltimore City the rate is 6% a year or as
fixed by a law of the City Council;

(3)  in Baltimore County the rate is 6% a year or as
fixed by a law of the County Council;

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