WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

(i) less than 50% 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.

(b) A tax collector shall assess a penalty not exceeding
25% of the amount underestimated, if a person who is required to
estimate and pay income tax under [§ 10-803] § 10-902 of this
article:

(1)  fails to pay an installment when due; or

(2)  estimates a tax that is:

(i) less than 90% 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.

DRAFTER'S NOTE:

Error: Erroneous cross-references in § 13-702(a) and
(b) of the Tax - General Article.

Occurred: Ch. 110, Acts of 1988.

13-711.

If a person willfully fails to keep any record required
under [§ 12-301 or § 12-302] § 12-203 of this article, the
Comptroller may assess a penalty not exceeding 25% of the unpaid
tobacco tax.

DRAFTER'S NOTE:

Error: Erroneous cross-reference in § 13-711 of the
Tax - General Article.

Occurred: Ch. 2, Acts of 1988.

13-713.

(b) An assessment under subsection (a) of this section that
is not paid within 25 days after the date on which the notice of
assessment is mailed is a lien, in favor of the State, that:

(2) may be collected under [§ 13-805] SUBTITLE 8,
PART II of this title.

DRAFTER'S NOTE:

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