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§ 5-649. Fees; exemption from excise and income taxes

West's Annotated Code of MarylandCorporations and AssociationsEffective: May 8, 2020

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6. Electric Cooperatives
Part VII. Miscellaneous Provisions (Refs & Annos)
Effective: May 8, 2020
MD Code, Corporations and Associations, § 5-649
Formerly cited as Corporations and Associations 5-637
§ 5-649. Fees; exemption from excise and income taxes
Currentness
Filing and recording fees
(a) The Department shall collect fees for filing and recording corporate documents as provided in § 1-203 of this article.
Annual fees
(b) On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $100 to the Department.
Exemption from excise and income taxes
(c) Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax.

Credits

Added as Corporations and Associations § 5-637 by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002. Renumbered as Corporations and Associations 5-649 by Acts 2020, c. 606, § 1, eff. May 8, 2020.
MD Code, Corporations and Associations, § 5-649, MD CORP & ASSNS § 5-649
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document