Ch. 569

LAWS OF MARYLAND

[(d) For reasonable cause, a tax collector may waive the
assessment of a penalty under this section.]

13-702.

(C) A TAX COLLECTOR SHALL ASSESS A PENALTY NOT EXCEEDING
25% OF THE AMOUNT UNDERESTIMATED, IF A PERSON WHO IS REQUIRED TO
ESTIMATE AND PAY PUBLIC SERVICE COMPANY FRANCHISE TAX UNDER §
8-404(B) OF THIS ARTICLE:

(1)  FAILS TO PAY AN INSTALLMENT WHEN DUE; OR

(2) ESTIMATES A TAX THAT IS:

(I) LESS THAN 45% OF THE TAX REQUIRED TO BE
SHOWN ON THE RETURN FOR THE CURRENT TAXABLE YEAR; AND

(II) LESS THAN THE TAX PAID FOR THE PRIOR
TAXABLE YEAR.

(2) ESTIMATES A TAX THAT IS LESS THAN 45% OF THE TAX
REQUIRED TO BE SHOWN ON THE RETURN FOR THE CURRENT TAXABLE YEAR.

13-703.

[(a)] If, with the intent to evade the payment of tax, a

person, including an officer of a corporation, or a governmental

unit makes a false [financial institution franchise tax, income

tax, or sales and use] tax return, the tax collector shall assess
a penalty not exceeding[:

(1)  50% of the underpayment of financial institution
franchise tax;

(2)  50% of the underpayment of income tax; and

(3)] 100% of the underpayment of [sales and use] tax.

[(b) For reasonable cause, the Comptroller may waive the
assessment of a sales and use tax penalty under this section.]

13-704.

[(a)] If, with the intent to evade the payment of tax, a
person or governmental unit fails to file [an admissions and
amusement tax return, a motor fuel tax return, or a sales and
use] A tax return when required under this article, the tax
collector shall assess a penalty [of] NOT EXCEEDING 100% of the
underpayment of tax.

[(b) For reasonable cause, the Comptroller may waive the
assessment of a penalty under this section.]

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