Ch. 649

LAWS OF MARYLAND

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

Article - Tax - Property

11-101.

(a)   On or before April 15 of each year, a person shall
submit a report on personal property to the Department if:

(1)   the person is a domestic corporation;

(2)  the person is a foreign corporation registered or
qualified to do business in the State; or

(3)   the person owns or during the preceding calendar
year owned property that is subject to property tax.

(b)   The report shall:

(1)  be in the form that the Department requires;

(2)  be under oath as the Department requires; and

(3)  contain the information that the Department
requires.

14-704.

(a)  (1) If the annual report is not submitted as required
by § 11-101 of this article, the Department shall assess:

(i) an initial tax penalty not exceeding 1/10
of 1% of the TOTAL [State] COUNTY assessment IN ALL COUNTIES
WHERE PROPERTY IS LOCATED; and

(ii) an additional penalty of 2% of the initial
tax penalty for each 30 days or fraction of a 30-day period that
the report is not submitted.

(2) The initial penalty under paragraph (1) of this
subsection may not be more than $500 or less than $25:

(I)   $30 IF 1 TO 15 DAYS LATE;

(II)   $4 IF 16 TO 30 DAYS LATE; OR

(III)   $5 IF OVER 30 DAYS LATE.

(b)   The Department may abate or reduce the tax penalty
under subsection (a) of this section when good cause is shown.

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