§ 14-607. Interest paid -- Advance payments

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(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.

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

                    
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