- (a) Personal property subject to assessment shall be assessed annually.
(b) The assessment of personal property for the date of finality is based on:
- (1) information required to be included in the report to be filed under § 11-101 of this article by April 15 following the date of finality; or
- (2) if a report is not filed or is incomplete, any available information that the Department has.
Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 2002, c. 120, § 1, eff. Oct. 1, 2002.
Formerly Art. 81, § 14.