Maryland § 8-112
Full text of Maryland Maryland Code § 8-112, with citation guidance and answers to common questions.
§ 8-112.
(a) (1) In this section the following words have the meanings indicated.
(2) “Distiller” includes:
(i) the owner or proprietor of a bonded or other warehouse where distilled spirits are stored; or
(ii) a person who has custody of distilled spirits.
(3) “Fair value” means the lesser of:
(i) the cost, not reduced by any allowance for inflation; or
(ii) market value, not reduced by any allowance for inflation.
(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.
(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.
(2) The value of the same distilled spirits may not be reported more than 1 time in any period of 12 months.
(d) The distiller shall pay the property tax on the distilled spirits held by the distiller.
Frequently Asked Questions About Maryland § 8-112
What does Maryland Code § 8-112 cover?
Section 8-112 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 8-112?
A common citation format is "Maryland Code § 8-112" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 8-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.