§ 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.

HISTORY: An. Code 1957, art. 81, § 49C; 1985, ch. 8, § 2.