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§ 14-704. Tax penalty; When annual report not submitted

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 14. Procedure
Subtitle 7. Additions to Tax and Assessable Penalties
MD Code, Tax - Property, § 14-704
§ 14-704. Tax penalty; When annual report not submitted
Currentness
In general
(a)(1) If the annual report is not submitted as required by § 11-101 of this article, the Department shall assess:
(i) an initial tax penalty not exceeding 1/10 of 1% of the total county assessment in all counties where property is located; and
(ii) an additional penalty of 2% of the initial tax penalty for each 30 days or fraction of a 30-day period that the report is not submitted.
(2) The initial penalty under paragraph (1) of this subsection may not be more than $500 or less than:
(i) $30 if 1 to 15 days late;
(ii) $40 if 16 to 30 days late; or
(iii) $50 if over 30 days late.
Abatement or reduction of tax penalty
(b) The Department may abate or reduce the tax penalty under subsection (a) of this section when good cause is shown.
Extension
(c) The Department may extend the date for submitting the report until June 15 of the year in which the report is due if a person submits a request:
(1) electronically on or before April 15 of the year in which the report is due; or
(2) by paper document on or before March 15 of the year in which the report is due.
Form of request for extension
(d)(1) Any extension request submitted by paper document must be accompanied by the fee specified in § 1-203 of the Corporations and Associations Article.
(2) Extensions are not accepted by facsimile.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 1986, c. 171; Acts 1987, c. 199; Acts 1988, c. 649; Acts 2004, c. 430, § 4, eff. July 1, 2004.
Formerly Art. 81, § 252.
MD Code, Tax - Property, § 14-704, MD TAX PROPERTY § 14-704
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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