§ 7-5. Due dates; interest and civil penalties.

(a) Due dates.

Payments under a semiannual schedule are due as specified in State Tax-Property Article § 10-204.3.

(b) Interest and civil penalties.

Each semiannual installment that has not been paid by the respective date allowed in State Tax-Property Article § 10-204.3 for its payment without interest shall bear, until paid:

(1) interest at the rate of 1% for each month and fraction of a month; and

(2) penalty at the rate of 1% for each month and fraction of a month.