§ 11–102
Statutes in effect as of October 1, 2026.
(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)
moves personal property to any county or municipal corporation from the county or municipal corporation where it was assessed;
(2)
moves personal property from outside this State to a county or municipal corporation inside this State; or
(3)
possesses, cares for, or manages any personal property that:
(i)
is not assessed; or
(ii)
the Department suspects is not assessed.
(b)
The report on personal property shall contain:
(1)
a list of:
(i)
all personal property assessable by the Department; and
(ii)
all personal property assessable but not previously assessed by the Department that the person possesses, cares for, or manages; and
(2)
the name of each person who owns an item of the personal property.