2013 Maryland Code
TAX - PROPERTY
§ 10-206 - Advance payments -- Corporations
§10-206.
(a) If a corporation submits articles of dissolution to the Department, the Department shall immediately certify to the collector the assessment of any personal property of the corporation that is subject to property tax on the most recent date of finality.
(b) The collector shall send to the corporation a personal property tax bill that is calculated by applying the current property tax rates to the assessment that is determined under subsection (a) of this section.
(c) If the property tax payment is less than the property tax as finally determined, the collector shall send a bill to the taxpayer for the difference.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
