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

AN ACT
To add additional Sections 70 Article eightyone of
the Code of Public General Laws, entitled 'Reve-
nue. and Taxes" and to repeal all laws inconss-
tent with the provisions of said sections.
Sec l. Be it enacted by the General Assembly of
Maryland, That additional Sections be, and the sss
are hereby added to Article eightyopa Of the code
Of Public General Laws, entitled ''Revehue and
Sec, Ia. There shall be in the Treasury Depart
ment, Tax Commissioner ofthe State of Maryland,
to be appointed by the Governor, Comptroller and
Treasurer, or majority ofthem, who shall take the
oath prescribed by the Constitution, and shall hold
cation. and until The apnontmen and ouaiifcation
his successor and shall receive salary of twenty
five hundred dollars per annum, and such necessary
travelling expenses, (not exceeding eight hundred
dollars in any one year, may be audited by the
Comptroller who shall issue his warrant for the pay
ment of the same when allowed.
The State Tax Commissioner shall assess for State
purposes the shares of capital stock in all banks,
State or national, banking associations or other in,
eorporated institutions or companies incorporated
under the authority of State or located and do
ing business therein, whose shares of capital stock
liable to assessment and taxation by the laws Of
this State and shall have all the powers and
all the duties in reference thereto which have here
tofoTe deyoyed by laW upon The ComptEE9 y, he
itaf stock to the Comptroller and said assessment
shall be subject to appeal and revision as hereafter
of the basis of assessment for State purposes in the
several counties and city Baltimore with his sug
gestons in regard to the to the General Assem-
bly, ateach regular session thereof and shall per-
form such other duties may be prescribed by law
Section l50 The County Commissioners, and APP
peal Tax Court are directed annually to correct the
assessment of the property in their respective coun
ties and the city of Baltimore and to alter and
rect the valuation of any property which may have
been improperly valued, and to assess the same at
its true value and to alter and correct the account
of any person whose property, or any part thereof
may have been omitted in the former assessment OF
may have been since acquired; and If real estate or
o4h6 hhHe ySe nSe
the last levy they shall correct alter and amend the
assessment of the same as aforesaid SO as to conform
to its present value, They shall also at any time
when so directed by the State Tax Commissioner,
with the concurrence of the Attorney General (sig
ment Of the s prppeFy in the Counties and
in the city of Baltimore by striking therefrom any
property which they shall be instructed by the SAID
Tax Commissioner and Attorney General is not sub
ject to taxation under the laws OF this state or of
the United States.
Section Isl. At the time Of making the returns of
stockholders to the County Commissioners, and APP.
peal Tax Court DIS required by law, the president or
Other proper 9eeE ofeyeEy bank OF other incSrpo
missoners of each county in which such bank or
otherincorporated institution shall OWL and possess
any real property and to the Appeal Tax Court of
Baltimore city, If such bank other Incorporated
institution shall own and possess any real property
in said city, true statement of such real property
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 respec:
lively to the said bank or incorporated INSTITUTION
SO owning the same, and said County Commissioners
and Appeal Tax Court shall give duplicate eertifi-
Gates of such valuation and assessment to such pres
ident or other ofceh Who shall transmit one of such
dupicate certificates with his return to the State Tax
Comm issioneT, and State county or city taxes shall
be levied upon and paid by such bank or other in
oorporated institution on such assessment in the
same manner as the are levied upon, and paid
by individual owners of real property in such county
The State Tax Commissioner shall deduct the as
sessed value such real property according to the
certificates so furnished to him from said County
Commissioners and Appeal Tax Court from the ag-
ngs s5ne 9aEf R se6 f e Ts
pafion and ASSESSMENT of the shares of capital stock
0f such bank or incorporated institution shall have
been finally determined and made for State purposes
the State Tax Commissioner shall certify to the
County Commissioners ofeach county, where any of
Tax Court of Baltimore city, if any of such stock
holders reside in said city the assessed value of such
shares ofstOck after deductng the assessed value of
such real property aforesaid the shares of stock
held in such bank or incorporated institution owned
by residents of this State shall for county muni
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 so paid
may be charged by such bank or incorporated insti
tuition to the account OF such stockholders respec
section 1872 As soon as the State Tax Commissioner
shall have valued and assessed the shares in the
eraI banks and other corporations in this State he
shall certify and return the said valuation to the
Comptroller of the Treasury who shall at once pro-
coed TO notify the president cashier or other proper
officer of such banks or other corporations, of the
said valuation and assessment of tleir shares repec
lively, by transmitting to such president OF other
officer account of the State taxes due from such
bank other corporation under such valuation and
assessment, by mail under cover fairly directed TO
such president or other officer and shall note in
book the date of placing in the mail the envelope or
cover containing such account. If no appeal be
taken within thirty days from such transmission,
the said valuation and assessment shall be final, but
any such bank or corporation may within thirty
days after such notification, appeal from such vaiu
alton to the Comptroller Of the Treasury and State
Treasurer, stating in such appeal the reasons and
grounds of such appeal, and said Comptroller and
Treasurer shall consider the same. and IL the Comp
troller and Treasurer shall both be of opinion that
such valuation and assessment made by the State
Tax Commissioner is erroneous, and ought TO be
changed, they shall change the same accordingly,
and the valuation and assessment so agreed upon by
the Comptroller and Treasurer shall be final, but If
either the Comptroller Treasurer shall agree with
the State Tax Commissioner asto the correctness of
| the valuation so made by him, then such appeal
shall be dismissed, and the original valuation shall
be and remain the true valuation of such shares
and all laws parts of laws, inconsistent with the
provisions of these sections, are hereby repealed,
Section 3 And be it enacted, That this act shall
take effect from and after the date of its passage
FETTER s. HQRLITzElIs
Sneaker Of the House Of Delegates.
| EDWARD LLOYD,
President of the Senate.
Approved March % 1878
JOHN LEE CARROLL, Governor Of Maryland.
We hereby certify that the aforegoing is correct
copy of an act passed the General Assembly Of
Maryland, at the January Session, 1873
MILTON Y. KIDD,