Maryland independent. [volume] (Port Tobacco, Md.) 1874-current, 1898-06-03
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AN ACT TO REPEAL AND RE-ENAcT
WITH AMENDMENTS. SECTIONS 14eA.
1feB OF ARTICLE 81 OF THE CODE on
PUBLIC GENERAL LAWS. TITLE REV
ENuE AND TAXES" AS PASSED AT THE
JANuARxseEssIoN OF 1906. AND TO
ADD A NEW SECTION TO SAID ARTICLE
TO FOLLOW SECTION lace. AND TO BE
KNOWN AS SECTION 148E-l
ssstion | Be It enacted by the General As.emhl,
Of lsee. 10, and the same are hereby repealed and
ton BE- end the same t. hereby added to said arti-
section lfsh-l, said sections to read a. follows:
lieA. An mortgages or assignees holding mort
cages OF record in this State snail annually pay 4
Iax Of eight per centum upon the gross amount Of
mortgage or his assigns By The mortsaecr to be
collected BY the proper authorities as other taxes
LOT county purposes in the several counties and as
municipal taxes collected in baltimore city and
tor STATE iAxss as hereinafter mentioned, said
taxes when 50 collected shall be applied as follows
One-fourth Of the amount 80 received in each
county o. the State, and in baltimore city SHAH
each and every year to be paid to the Comptroiles
q sne state treasury BY the several county coec-
the remaining three-fourths OF the amount n r.
a j county Ct q ms s = e %
County Commissioners OF the several counties, to
De Dy AZ commissions applied e county
order OF the Mayor and City Council to be applied
A. may Dc deemed proper and the tax hereby
the county or baltimore city where tia mortgage
Is :ecordtd; provided, that Il any mortgage s re-
city IN any county or counties Of the state, ths
tax hereby Levied shall each year be paid in the
Of NE property covered BY the mortgage Is located
lisB Fer the purpose Of collecting said tax the
end on the thirtyrst day Of August IN each sue
ceeding year; and whenever any mortgage has been
only oS q the os wScs h Is Ssa
o. record; and all mortgages Or assigneea holding
q Ise9Td IN tins stats th,s shall pay
Of October Of the year in which said taxes were due
and demandable. stall be entitled 10 a deduction
al that shall pay the before the first day
Of November Of the said year shall be entitled to
pay the same on or before The first day Of Deem
pei Of the said year lhAn Re entitled 70 dedue..
me deduciion Aforesaid and note the same upon
holding mortgages OF record paying. and all Iaxes
remaining unpaid on the inst day Of January OF
thereon from that date until paid; and every cob
lector shall on all sums paid py him to the State
Treasurer or before the fifteenth day Of October
OF the year in which said taxes wero due and de-
mandable be allowed 4 deduction OF five per
fifteenth day Of November Of said year a deduction
Of four Ier centrum, and on ali sums paid By. him
on or before the fifteenth day Of December Of the
said year a deduction OF three per centum. which
deduction shall in each be noted by tine IIeas
urer upon the receipt given to said collector, which
the State taxes placed for collection in the hands
q said collector, and shall not be IN addition 70
those made in favor Of the taxpayers.
AeE-l-The Clerk to the Appeal Tar Court Of
Baltimore City and the CLERK to the County Com
mssioners Of each county in this State shall an
nually transmit to the Comptroller Of the Treas
ufy, within thirty days after the close Of each
collection year to wit on or before the thirtieth
day u September Of each and every year, a return
q the total amount Of such tax belonging to the
the gross amount Of interest coyenanted to be paid
upon said mortgages IN each county and in the
city q Baltimore, showing the amount thereof.
lector Of such county or city; and for neglecting
refusing TO perform this duty, the clerk clerks
lion md on eonSiction thereof shaii be flned i've
hundred dollars for each and every offense.
Section 2 And be it enacted, That this act shall
take effect from the date Of its passage.
Approved April .. les.
LLOYD LowNDEs. Governor.
JOHN WRIT RANDALL.
President of the Senate.
LOUIS scHAEFER,
Speaker Of the House Of Delegates.
We hereby. certify that the foregoing Is correct
land, passed at the January session. 1888
MARTIN NJ. HIGGINS,
Secretary of the Senate.
z. HOUSEHOLDER,
Chief Clerk Of the House Of Delegates.