Section 14-704 - Tax penalty - When annual report not submitted. - Maryland Statutes

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

(a)  In general.-  

(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. 

(b)  Abatement or reduction of tax penalty.- The Department may abate or reduce the tax penalty under subsection (a) of this section when good cause is shown. 

(c)  Extension.- 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. 

(d)  Submission of fee with paper document.-  

(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. 
 

[An. Code 1957, art. 81, § 252; 1985, ch. 8, § 2; 1986, ch. 171; 1987, ch. 199; 1988, ch. 649; 2004, ch. 430, § 4.]