Section 14-607 - Interest paid - Advance payments. - Maryland Statutes

§ 14-607. Interest paid - Advance payments.
 

(a)  Interest on county tax authorized.- The governing body of a county may provide, by law, for interest on advance payments of county property tax. 

(b)  Limitation.- The interest allowable under subsection (a) of this section may not exceed the discount for the taxable year that the county allows for the county property tax on the property. 
 

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