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§ 14-217. Income taxes

West's Annotated Code of MarylandPublic Safety

West's Annotated Code of Maryland
Public Safety (Refs & Annos)
Title 14. Emergency Management (Refs & Annos)
Subtitle 2. Civil Relief During Emergency Periods (Refs & Annos)
MD Code, Public Safety, § 14-217
Formerly cited as MD CODE Art. 16A, § 14;  MD CODE Art. 16A, § 27
§ 14-217. Income taxes
Currentness
Deferral of tax due
(a)(1) If a person's ability to pay income tax is materially impaired because the person is a person in emergency management service or person suffering injury or damage, the collection of income tax from that person that was due before the person became, or that falls due during the period that the person is, a person in emergency management service or person suffering injury or damage shall be deferred for a period not exceeding 6 months after the person ceased to be a person in emergency management service or person suffering injury or damage.
(2) If the collection of income taxes is deferred under this section, the running of a statute of limitations against the collection of those taxes is suspended for a period of 9 months after the person ceased to be a person in emergency management service or person suffering injury or damage.
Interest and penalties
(b)(1) Interest on the amount of tax due and unpaid does not accrue during the period that the collection of the tax is deferred under this section.
(2) A penalty for nonpayment of tax does not accrue during the period that the collection of tax is deferred under this section.

Credits

Added by Acts 2003, c. 5, § 2, eff. Oct. 1, 2003.
MD Code, Public Safety, § 14-217, MD PUBLIC SAFETY § 14-217
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.
End of Document