WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

and fourth sentences of former Art. 81, § 309(c)(3).

In the introductory language of this section, the
reference to the "financial institution franchise tax"
is added to state expressly that which only was
implied by former Art. 81, §§ 128(h)(1) and
128A(f)(l), which made a financial institution failing
to file a return "subject to the procedures ... in the
subtitle 'Income Tax'" and, thus, subject to, inter
alia, former Art. 81, § 309(c).

Also in subsection (a) of this section, the phrases
"on the taxable net earning ... or federal credit for
State death tax that results from the federal
adjustment" are added for clarity.

Also in subsection (a) of this section, the term
"federal taxable income" is substituted for the former
term "federal net taxable income", for clarity.

Also in subsection (a) of this section, the former
references to "any taxable year" and "at any time" are
deleted as surplusage.

In subsection (b) of this section, the former
requirement that, in the report, "the taxpayer shall
accept the accuracy of such final determination" is
deleted as surplusage, since, absent "an explanation
for ... the contention", it may be assumed that no
contention is asserted.

Defined terms: "Financial institution

franchise tax" § 1-101
"Income tax" § 1-101
"Maryland estate tax" § 1-101
"Person" § 1-101 "Tax collector" § 13-101

13-411. NOTICE OF ASSESSMENT.

A TAX COLLECTOR SHALL MAIL A NOTICE OF ASSESSMENT UNDER THIS
TITLE TO THE PERSON OR GOVERNMENTAL UNIT AGAINST WHICH AN
ASSESSMENT IS MADE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the introductory
language of former Art. 81, § 477(a), except the
reference to postpaid mail.

The defined term "governmental unit" is added to
clarify that, with respect to the admissions and
amusement tax and the sales and use tax, governmental
units are treated as persons. See the revisor's note
to § 13-101(b) of this title.

- 513 -