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


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  •    (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.


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