Section 10-207 - Payment of fee for county or municipal corporation personal property tax. - Maryland Statutes

§ 10-207. Payment of fee for county or municipal corporation personal property tax.
 

(a)  In general.- To ensure payment of the county or municipal corporation property tax on personal property, the governing body of a county or of a municipal corporation may authorize, by law, a personal property tax liability fee payable by a business that: 

(1) does not own any real property in the county or municipal corporation; and 

(2) begins doing business in the county or municipal corporation or is conducting business and expands to a new location in the county or municipal corporation. 

(b)  Payment.- The business shall pay the fee to the collector. 

(c)  Fee applied to tax.- The fee is credited toward the county or municipal corporation property tax. 

(d)  Underpayment.- If the property tax liability fee is less than the property tax on personal property as finally determined, the business shall pay the remaining property tax due. 
 

[An. Code 1957, art. 81, § 49C; 1985, ch. 8, § 2.]