Ch. 740

LAWS OF MARYLAND

liable for any tobacco tax, interest and penalties owed by
the corporation under certain circumstances; providing for
the effective date and application of this Act; and
generally relating to an exemption from tobacco tax bend
security requirements for certain licensed cigarette
distributors.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 436

Annotated Code of Maryland

(1980 Replacement Volume and 1987 Supplement)

BY repealing and reenacting, without amendments,

Article - Tax - General

Section 13-824

Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1988)

BY repealing and reenacting, with amendments,

Article - Tax - General
Section 13-825(h)
Annotated Code of Maryland

(As enacted by Chapter ____ (S.B. 1) of the

Acts of the General Assembly of 1988)

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

Article 81 - Revenue and Taxes

436.

(A) (1) Where the Comptroller, in his discretion, deems it
necessary to protect the revenues to be obtained under the
provisions of this subtitle, he may require any taxpayer to file
with him a bond issued by a surety company authorized to do
business in this State and approved by the State Insurance
Commissioner as to solvency and responsibility, in such amounts
as the Comptroller may fix to secure the payment of any tax
and/or, interest or penalties due or which may become due from
such taxpayer. In the event that the Comptroller determines that
a taxpayer is to file such a bond, he shall give notice to such
taxpayer to that effect, specifying the amount of the bond
required. The taxpayer shall file such bond within five (5) days
after the giving of such notice unless within such five (5) days

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