Ch. 3                                       1995 LAWS OF MARYLAND

(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, reduced by the
credit allowed under § 10-703 of this article.

DRAFTER'S NOTE:

Error: Incomplete cross-reference in § 13-602(a) of the Tax - General
Article.

Occurred: As a result of Chs. 578 and 660, Acts of 1994. Correction by the
Michie Company in the 1994 Cumulative Supplement of the Tax - General
Article is validated by this Act.

13-702.

(a) Except as provided in subsections (b) and (c) of this section, a tax collector
shall assess a penalty not exceeding 25% of the amount underestimated, if a person who
is required to estimate and pay financial institution franchise tax, public service company
franchise tax, or income tax under § 8-210(b), § 8-405(b), or § 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, reduced by the
credit allowed under § 10-703 of this article.

DRAFTER'S NOTE:

Error: Incomplete cross-reference in § 13-702(a) of the Tax - General
Article.

Occurred: As a result of Chs. 578 and 660, Acts of 1994. Correction by the
Michie Company in the 1994 Cumulative Supplement of the Tax - General
Article is validated by this Act.

Article - Tax - Property

2-105.

(e) The classifications and salaries of supervisors shall be set in accordance with
the provisions of Division I of the State Personnel AND PENSIONS Article.

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