§ 10-207

# (a)

To ensure payment of the county or municipal corporation property tax on personal property, the governing body of a county or of a municipal corporation may authorize, by law, a personal property tax liability fee payable by a business that:

# (1)

does not own any real property in the county or municipal corporation; and

# (2)

begins doing business in the county or municipal corporation or is conducting business and expands to a new location in the county or municipal corporation.

# (b)

The business shall pay the fee to the collector.

# (c)

The fee is credited toward the county or municipal corporation property tax.

# (d)

If the property tax liability fee is less than the property tax on personal property as finally determined, the business shall pay the remaining property tax due.

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