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Ch. 529 2002 LAWS OF MARYLAND
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(2001 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Tax - Property
8-415.
The owner of property may submit a petition for review:
(1) for real property, as provided by § 14-503(a) of this article; and
(2) for personal property, as provided by [§§ 14-503(b) and 14-505] §
14-503(B) of this article.
11-103.
(A) IF A PERSON WHO HAS FILED A REPORT UNDER THIS TITLE DETERMINES
THAT INFORMATION WAS NOT REPORTED ACCURATELY, THE PERSON MAY FILE AN
AMENDED REPORT WITHIN 3 YEARS AFTER THE APRIL 15TH THAT THE ORIGINAL
REPORT WAS DUE.
(B) A PERSON FILING AN AMENDED REPORT UNDER SUBSECTION (A) OF THIS
SECTION MAY ONLY CLAIM AN EXEMPTION FOR PERSONAL PROPERTY USED IN
MANUFACTURING IF AN EXEMPTION FOR PERSONAL PROPERTY USED IN THE
MANUFACTURING PROCESS WAS PREVIOUSLY APPROVED FOR THAT TAXABLE YEAR
UNDER §§ 7-104(B) AND 7-225(D) OF THIS ARTICLE.
(C) AFTER REVIEWING AN AMENDED REPORT, THE DEPARTMENT SHALL:
(1) ISSUE A CORRECTED ASSESSMENT NOTICE; OR
(2) NOTIFY THE PERSON THAT THE ORIGINAL ASSESSMENT NOTICE
WILL NOT BE ADJUSTED.
(D) A PERSON WHO RECEIVES A NOTICE UNDER SUBSECTION (C) OF THIS
SECTION MAY APPEAL THE CHANGE IN VALUE OR CLASSIFICATION RELATED TO THE
CORRECTED INFORMATION OR THE DENIAL NOTICE AS PROVIDED IN § 14-504 OF
THIS ARTICLE.
[14-505.
(a) For personal property assessed by the Department, the owner who
reported cost or market information for the personal property to the Department but
failed to report the information accurately may appeal the value or classification of
the personal property set forth in the notice of assessment by submitting a petition for
review to the Department if:
(1) the owner claims that the personal property is valued at a higher
value than if the information had been reported accurately; and
(2) the appeal is made within [3 years ] 1 YEAR of the date of the notice of
assessment.
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