State Codes and Statutes
Statutes > Maryland > Tax-property > Title-14 > Subtitle-6 > 14-607§ 14-607. Interest paid - Advance payments.
(a) Interest on county tax authorized.- The governing body of a county may provide, by law, for interest on advance payments of county property tax.
(b) Limitation.- The interest allowable under subsection (a) of this section may not exceed the discount for the taxable year that the county allows for the county property tax on the property.
[An. Code 1957, art. 81, § 49; 1985, ch. 8, § 2.]
