§ 10-403. Allocation of interest received by a financial institution
West's Annotated Code of MarylandTax-General
MD Code, Tax - General, § 10-403
§ 10-403. Allocation of interest received by a financial institution
(b) Notwithstanding § 10-402 of this subtitle, interest received by a financial institution holding company from one of its subsidiary corporations that is a financial institution shall be allocated to this State only to the extent that the interest is derived from the trade or business of the subsidiary corporation within this State.
Credits
Added by Acts 2000, c. 225, § 1, eff. Oct. 1, 2000.
Footnotes
Pub.L. 85-699, Aug. 21, 1958, 72 Stat. 689, codified at 15 U.S.C.A. § 661 et seq.
MD Code, Tax - General, § 10-403, MD TAX GENERAL § 10-403
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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