WILLIAM DONALD SCHAEFER, Governor                    Ch. 121

Article - Tax - General

13-825.

(d) The Comptroller may require[:

(1) an out-of-state employer to post security for
income tax required to be withheld from the wages of employees in
the amount that the Comptroller requires; and

(2)] a real estate investment trust to post security
for income tax in the amount that the Comptroller requires, if
the trust:

[(i)] (1) does not hold property in the State;
or

[(ii)] (2) holds insufficient property in the
State to provide adequate security for the income tax if the
property were to become subject to a lien under this subtitle.

SECTION 3. AND BE IT FURTHER ENACTED, That Section 1 of
this Act shall take effect July 1, 1988 and shall remain
effective through December 31, 1988. On January 1, 1989, and
with no further action required by the General Assembly, Section
1 of this Act shall be abrogated and of no further force and
effect.

SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of
this Act shall take effect January 1, 1989.

Approved May 2, 1988.

CHAPTER 121

(Senate Bill 138)

AN ACT concerning

Public Ethics - Financial Disclosure -
Board and Commission Members

FOR the purpose of clarifying the financial disclosure filing
status of members of boards and commissions that are
compensated at or above a certain grade level.

BY repealing and reenacting, with amendments,

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