Current with changes from the 2024 Legislative Session
Section 17-1809 - Disputing value of stock-in-trade(a)(1) If a trader disputes the value of the trader's stock-in-trade on which the license fee is based, the trader may submit in accordance with the Tax - Property Article an appeal to the State Department of Assessments and Taxation as to the value of the stock-in-trade.(2) To avoid being in default, the trader may pay the license fee and get a trader's license with the understanding that the trader will get a refund of any excess amount paid for the trader's license.(b)(1) If the State Department of Assessments and Taxation reduces the value of the stock-in-trade, resulting in a lower license fee, the licensed trader may get a refund of any excess amount paid by submitting to the clerk who issued the trader's license:(i) a claim for the refund; and(ii) supporting evidence of the reduction from the State Department of Assessments and Taxation.(2) On approving the claim, the clerk shall pay the refund.(c) If the clerk pays a refund, the clerk shall deduct the amount of the refund from the license fees distributed to the county or municipal corporation that receives the fee.Renumbered from § -17-1812 by 2022 Md. Laws, Ch. 315,Sec. 2, eff. 10/1/2022.Repealed by 2022 Md. Laws, Ch. 315,Sec. 1, eff. 10/1/2022.