1. (a) The Department may require a person to submit to the Department a report on personal property that contains the information listed in subsection (b) of this section, if the person:

   1. (1) moves personal property to any county or municipal corporation from the county or municipal corporation where it was assessed;
   2. (2) moves personal property from outside this State to a county or municipal corporation inside this State; or

   3. (3) possesses, cares for, or manages any personal property that:

      1. (i) is not assessed; or
      2. (ii) the Department suspects is not assessed.

2. (b) The report on personal property shall contain:

   1. (1) a list of:

      1. (i) all personal property assessable by the Department; and
      2. (ii) all personal property assessable but not previously assessed by the Department that the person possesses, cares for, or manages; and
   2. (2) the name of each person who owns an item of the personal property.

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 2002, c. 120, § 1, eff. Oct. 1, 2002; Acts 2020, c. 529, § 1, eff. July 1, 2020.

Formerly Art. 81, § 42.