The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1878-05-11
NAEIEH II6.
REVENUE AND TAXES.

AN ACT
Ioadd additional Sections 20 Article eghty-oue of
the Code of Public General Laws entitled ..Reye-
nue. and Taxes, and TO repeal all laws inconsis-
tent with the provisions of said sections.
Sec. l. BE il enacted by the General Assembly Of
Maryland, That additional Sections be- and the same
are hereby added TO Article eigh1yOne Of the Code
OF Public General Laws, entitled Revenue and
See. l49. There shall be in the Treasury Depart.
ment, Tax Commissioner Of the State of Maryland
70 be appointed by the Governor, Comptroller and
Treasurer or majority ofthem, who shall take the
oath prescribed by the Constitution and shall hold
us ONCE for four years from the date of his qualff
cation and until the appointment and qualification
of his successor and shall receive salary OF tyyent
nYe hundred dollars per annum, and such necessary
travelling expenses, mot exceeding eight hundred
dollars IN any one year, as may be audited by the
Comptroller, who shall issue his warrant for the paw
ment of the same when allowed
The State Tax Commissioner shall asses for State
purposes, the shares of capital stock in all hanks
stte OF national banking associations, or other in
70 poIaten INSTITUTIONS or companies incorporated
under the authority OF this State located and do
ing business therein whose shares OF capital stock
ar liable To assessment and taxation by the laws of
this state and shall have all the powers and perform
All the duties in reference thereto which have here
toiore deVoiyed by law upon the Comptroller he
shall report the assessment Of such shares OF the can
ital stock to the Comptroller and said assessment
shall b. subect appeal and revision as herea
provided in this acticle. He shall report the amount
OF the basis OF assessment for State puruoss in the
several counties and city of Baltimore with his sf,g
gestions IN regard 10 the same 10 the General Assem-
bly, teach regular session thereof and shall per
form such other duties as may be prescribed oy law
peal Tax Court directed annually to correct the
assessment of the property in their respective coun-
ties and the city of baltimore and to alter and cor
rect the valuation of any property which NAV have
been improperly valued. and TO assess the same al
It's true value and 10 alter and correct the account
~ lii person NhuSe property, or any part thereof,
may have been omitted in the former assessment or
may nave been since acquired and II real estate or
other properly snail from any cause have increased
or diminished largely and materially in value since
me last levy they shall correct alter and amend the
assessment OF the same aS aforesaid 10 conform
Tolls present value. They shall also at any time
when 50 directed by the State Tax Commissioner
win ne concurrence of the Attorney General. tsig-
nihed by his opinion in wrtIng) correct the asses
ment OF the property in the respective counties and
in the city of Baltimore by striking therpforn an,
property which they shall be instructed IN tho Said
Tax CommisSioneran Attorney General 4 not sub
Jec o taxation under the laws OF this state or OF
the United States.
Section Isl. At the time of making the returns of
Stockholders 10 the County Commissioner and Ap-
otherprop officer every bank or Other incorpo
rated institution, shall furnish the County Com
misslonerS of each county in which such bank OF
otherincorporated institution shall OWL and possess
any real property and 20 the Appeal Tax Cont of
balumore city II such bank or other Incorporated
institution shall own and possess any real property
~ said city, true statement of such real pronerty
situate or located in such county or city and such
real property shall be valued and assessed by said
County Commissioners and Appeal Tax Court rssr.-
lively, 10 the said bank incoruorated Institution
80 owning the same and said County Commissioners
and Appeal Tax Court shall give duplicate certlh-
Gates Of such valuation and assessment 20 such prg-
ident or other officer who shall transit one Of si,rb
duplicate certificates with his return to the state Tax
Commissioner, and state county city taxes shall
be levied upon and paid by such bank OF other in
corporated institution on such assessment I'm the
same manner as the same are levied upon and paid
by individual owners Of real property in suchcounty
or city.
The state Tax Commissioner shall deduct the as
ssed value of such real property according % the
certificates 30 furnished 90 him frUm said County
Commissioners and Appeal Tax Court from the az
gregae value of the shares OF capital stock of such
bank OF Incorporated institution and when the val
uation and assessment the shares OF capital stock
of such bank or Incorporated institution shall have
been finally determined and made for state purposes
the state Tax Commissioner shall certify % the
County Commissioners Ofeach county where any OF
the stockholders may reside, and 10 the Appeal
Tax Court OF Baltimore city II any of such stock
holders reside IN said city the assessed value Of such
shares ofstock after deducting the assessed value u
such real property a. aforesaid The shares OF stock
by residents of this state shall for county or muni
cipa purposes, be valued to the owncrs thereof in
the county or city where such owners respectively
reside. but the taxes assessed for state county or
municipal purposes, shall be collected from such
bank or incorporated institution and when 20 paid
may be charged by such bank incorporated insti-
tuition to the account Of such stockholders respec-
lively.
Section l52. As the State Tax Commissioner
shall have valued and assessed the shares in the sew
ersl banks and other corporations in this State he
shall certify and return the said valuation 10 ,he
Comptroller Of the Treasury who shall ~ once pro
ceu 70 notify the president cashier or other proper
sa valuation and ssAsSSiist OF ttsiS L =. wy
uyeiY, ~ transmitting % such president OF olher
oniccr an account Of the state laXes due from such
'.t'fN ~ vi ttiAhA Niitlrf hutn ana
asstssinenL BY nall under cover fairly directed %
such president or other officer and shall note In a
book the date Of placing in the mail the cuyolop or
{ cover containing such account IL no epDeal b..
taken within thirty days from such transmission
tle sid valuation and assessment shall be final but
/ any such bank or corporation may within thirty
days after such notification, appeal from such valu-
alton % the Comptroller OF the Treasury and Size
Treasurer, stating in such appeal the sc.tEuIs ana
grounds Of such appeal, and said e6nptroIler and
Treasurer shall @ousier the saIe. and ii the Comp
fFulllF ami 4peasuEsr shall both be Of opinion thar
such valuation ana assessment made hy the STATE
/ Tax Commissioned T. erroneous, aud Qlight 20 b.
/ changed, they SHAH change the same accordingly.
anu me valuation aud assessment 20 agreed upon BY
the Comptroller and Treasurer shall 10 final but II
either the Comptroller or Treasurer shall agree with
the state Tax Commissioner 10 the correctness Of
the valuation 30 made by him, then such appeal
SHAH DO dismissed and the original valuation shall
be and remain as the true valuation Of such shares
and all laws or parts OF laws inconsistent with ths
provisions OF these sections hereby repealed
Section .. Andbe il enacted That. this aet Shall
take effect from and afler the date o passage
3" 'fETfRR s. IioBLTTLElL
Speaker Of The House OF nelega,e.
EDWARD LLOYD,
/ President OF the Senate.
/ Approved March % ISIS
JOHN LEE CARROLL, Governor Of MARYLAND
We hereby certify that the aforpgoing Is a correct
copy OF an act passed the General Assembly OF