{"data":{"id":"us-md/md.-code-tax-property-8-112","jurisdiction":"us-md","citation":"Md. Code, Tax - Property § 8–112","heading":"","body":"(a) (1) In this section the following words have the meanings indicated.\n(2) “Distiller” includes:\n(i) the owner or proprietor of a bonded or other warehouse where distilled spirits are stored; or\n(ii) a person who has custody of distilled spirits.\n(3) “Fair value” means the lesser of:\n(i) the cost, not reduced by any allowance for inflation; or\n(ii) market value, not reduced by any allowance for inflation.\n(b) If a county subjects distilled spirits to the personal property tax, on or before March 15 of each year, a distiller shall submit to the Department a report of the fair value of distilled spirits held by the distiller in the county.\n(c) (1) Distilled spirits shall be valued at the fair value of the spirits on January 1 of the year in which the report is made.\n(2) The value of the same distilled spirits may not be reported more than 1 time in any period of 12 months.\n(d) The distiller shall pay the property tax on the distilled spirits held by the distiller.","path":["Article - Tax - Property"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtp\u0026section=8-112","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:27Z","sha256":"ade40137bfcd18449fb270d70008f810f69d105bb3d88631ce28838ef004cc4b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-property-8-110","next":"us-md/md.-code-tax-property-8-113"},"notice":"GroundRules: Original legal text. Not legal advice."}