WILLIAM DONALD SCHAEFER, Governor                   Ch. 555

(V)  CONDUCT AN INVESTIGATION;

(VI)  HOLD A HEARING; AND

(VII)  IF A PERSON FAILS TO COMPLY WITH A
SUBPOENA, PETITION A CIRCUIT COURT TO ORDER COMPLIANCE WITH THE
SUBPOENA.

128A.

(f) (1) The failure of a financial institution to file a
return, report, or declaration or pay a tax or any portion of a
tax, as required or due under this section, shall have the effect
and be subject to the procedures and penalties provided in §§ 320
and 322 and elsewhere in the subtitle "Income Tax" of this
article, as well as civil procedures authorized for the
collection of ordinary taxes.

(2) TO DETERMINE IF A TAX RETURN IS CORRECT OR TO
OTHERWISE ENFORCE THE PROVISIONS OF THIS SECTION, THE DEPARTMENT
MAY:

(I)  EXAMINE ANY BOOKS, PAPERS, RECORDS OR OTHER
DATA THAT MAY BE RELEVANT OR MATERIAL TO THE MATTERS REQUIRED TO
BE INCLUDED IN A TAX RETURN;

(II)  SUBPOENA:

1.  ANY PERSON; OR

2.  ANY RELEVANT DOCUMENT;

(III)    ADMINISTER OATHS;

(IV)  TAKE TESTIMONY;

(V)  CONDUCT AN INVESTIGATION;

(VI)  HOLD A HEARING; AND

(VII)  IF A PERSON FAILS TO COMPLY WITH A
SUBPOENA, PETITION A CIRCUIT COURT TO ORDER COMPLIANCE WITH THE
SUBPOENA.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved May 14, 1987.

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