WILLIAM DONALD SCHAEFER, Governor                   Ch. 734

1. THE INHERITANCE TAX; AND

2.  THE TAX ON COMMISSIONS.
473.

(A)  NOTWITHSTANDING ANY OTHER PROVISION OF LAW, EXCEPT FOR
A LIABILITY THAT HAS ACCRUED OR SHALL ACCRUE BEFORE THE DATE OF
RELEASE OR DISCHARGE, A SURETY SHALL BE RELEASED AND DISCHARGED
FROM LIABILITY ON A BOND TO THE STATE RELATIVE TO A TAX UNDER
THIS SUBTITLE 60 DAYS AFTER THE SURETY. FILES A WRITTEN REQUEST
FOR RELEASE OR DISCHARGE WITH THE TAX COLLECTOR.

(B)  ON RECEIPT OF A WRITTEN REQUEST FROM A SURETY FOR
RELEASE AND DISCHARGE, THE TAX COLLECTOR PROMPTLY SHALL NOTIFY
THE PERSON WHO POSTED THE BOND THAT:

(1)  THE SURETY HAS REQUESTED TO BE RELEASED AND
DISCHARGED FROM LIABILITY ON THE BOND; AND

(2)  A SUBSTITUTE SECURITY MUST BE FILED BEFORE THE
DATE THE TAX COLLECTOR IS REQUIRED TO RELEASE THE SURETY UNDER
SUBSECTION (A) OF THIS SECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That the publishers
of the Annotated Code of Maryland, the Michie Company, shall
number the § 472 created by this Act to be the first section of
subtitle "Tax Procedures" of Article 81.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect on July 1, 1987, contingent on the taking effect of

Chapter ___ of the Acts of 1987 (H.B. ____)(71r2025), and if

Chapter ___ does not become effective, this Act shall be null and

void without the necessity of further action by the General
Assembly.

Approved June 2, 1987.

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