[(h)] (G) The local taxing authority shall provide to the Department by May 1
of each year, information that substantiates that the proposed service charge for the
anticipated lost interest is reasonably equivalent to the amount of interest that will
be lost as a result of the semiannual payment.

[(i)] (H) (1) The property tax bill under a semiannual payment schedule:

(i) shall state:

1. the amount of the tax due if paid in full, including any
applicable discounts for early payment;

2. the amount of the tax due if paid in semiannual
installments, including any applicable discounts for early payment of the first
installment;

3. the amount of ANY service charge to be paid with the
second installment UNLESS THE SECOND INSTALLMENT IS PAID ON OR BEFORE
SEPTEMBER 30 OF THE TAXABLE YEAR;

4. THAT THE SERVICE CHARGE DOES NOT APPLY IF BOTH
INSTALLMENTS ARE PAID ON OR BEFORE SEPTEMBER 30 OF THE TAXABLE YEAR; and

4. 5. the date the tax payment is due; and

(ii) shall be subject to approval by the Department of Assessments

and Taxation.

(2) The Department shall approve any local semiannual payment
schedule collection that:

(i) provides efficient and cost-effective collection of taxes; and

(ii) provides two semiannual coupons, two semiannual billing
forms, or a similar method that allows taxpayers [to elect, at the time they receive
their tax bills,] to pay on [either] a semiannual [or annual] basis.

(3) Local semiannual payment schedule collection systems that are not
approved by the Department shall utilize 2 semiannual payment coupons that [may
be submitted separately with the appropriate payment as semiannual payments[, or
at the same time with a single annual payment] SHALL BE SUBMITTED WITH THE
APPROPRIATE PAYMENT.

[(j)] (I) A payment under a semiannual schedule is due:

(1) for the first installment:

(i) IS DUE on July 1 of the tax year; and

(ii) may be paid without interest on or before September 30 of the

tax year; and

(2) for the second installment: