Ch. 406 1997 LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1997.

Approved May 8, 1997.

CHAPTER 406
(House Bill 159)

AN ACT concerning

Taxes - Procedure - Payment of Taxes in Immediately Available Funds

FOR the purpose of authorizing the Comptroller to require certain persons to make tax
payments in immediately available funds; providing for assessment of interest and
penalty against certain persons required to make payments in immediately available
funds; and generally relating to the payment of taxes in immediately available funds.

BY repealing and reenacting, with amendments,
Article - Tax - General
Section 13-104
Annotated Code of Maryland
(1988 Volume and 1996 Supplement)

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

Article - Tax - General

13-104.

(a) (1) Subject to the approval of the Treasurer and subject to the limitation
under paragraph (2) of this subsection, the Comptroller or the Department may provide
by regulation for the payment of any unpaid tax liability in connection with a tax return,
report, or other document required to be filed with the Comptroller or the Department
in funds that are immediately available to the State on the date the payment is due.

(2) [The] EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS
SUBSECTION, THE Comptroller or the Department may not require payment in funds
that are immediately available to the State if the unpaid tax liability in connection with a
tax return, report, or other document is less than $20,000.

(3) (I) THE COMPTROLLER MAY REQUIRE A PERSON WHO IS AN
AGENT OF THE PAYOR OR EMPLOYER AS DEFINED IN § 10-905 OF THIS ARTICLE TO
MAKE PAYMENTS IN IMMEDIATELY AVAILABLE FUNDS ON THE DATE THE PAYMENT
IS DUE BY THE EMPLOYER OR PAYOR IF THE TOTAL AMOUNT OF THE PAYMENTS TO
BE MADE BY THE AGENT FOR ANY PAY PERIOD EXCEEDS $20,000 IN THE
AGGREGATE

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