Md. Code, Local Government § 16–304

(a) (1) Except as provided in paragraph (2) of this subsection, on or

before October 31 after the close of its fiscal year, each county, municipality, and

special taxing district shall file with the Department of Legislative Services a

financial report for that fiscal year.

(2) (i) A county, municipality, or special taxing district with a

population of over 400,000 may file its financial report on or before December 31 after

the close of its fiscal year.

(ii) Unless subparagraph (i) of this paragraph applies, Howard

County may file its financial report on or before November 30 after the close of its

fiscal year.

(iii) Allegany County, Calvert County, Caroline County, Cecil

County, Charles County, Frederick County, Garrett County, Queen Anne’s County,

St. Mary’s County, Somerset County, Talbot County, and Wicomico County may file

the county’s financial report on or before December 31 after the close of the county’s

fiscal year.

(b) The financial report required under subsection (a) of this section shall

be:

(1) prepared on the form established by the Department of

Legislative Services; and

(2) verified by the chief executive officer of the county, municipality,

or special taxing district.

(c) If a county, municipality, or special taxing district does not comply with

subsection (a) of this section, the Comptroller, on notice from the Executive Director

of the Department of Legislative Services, may order the discontinuance of all money,

grants, or State aid that the county, municipality, or special taxing district is entitled

to receive under State law, including money from:

(1) the income tax;

(2) the tax on racing;

(3) the recordation tax;

(4) the admissions and amusement tax; and

(5) the license tax.