§7–245.

    (a)    A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.

    (b)    If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:

        (1)    collect personal property information from the person; or

        (2)    require the person to submit a personal property tax return.