§ 11-105. Credit for timely filing of return
West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2021
Effective: July 1, 2021
MD Code, Tax - General, § 11-105
§ 11-105. Credit for timely filing of return
(a)(1) Except as provided in subsections (b), (c), and (d) of this section, a vendor who timely files a sales and use tax return is allowed, for the expense of collecting and paying the tax, a credit equal to 0.9% of the gross amount of sales and use tax that the vendor is to pay to the Comptroller.
(b)(1) Subject to paragraph (2) of this subsection, the credit allowed under this section is 1.2% of the first $6,000 of the gross amount of sales and use tax that the vendor is to pay with each return.
(2) For a vendor who files or is eligible to file a consolidated return under § 11-502 of this title, the credit allowed under paragraph (1) of this subsection is 1.2% of the first $6,000 of the gross amount of sales and use tax that the vendor is or would be required to pay with the consolidated return.
(c)(1) The credit allowed under subsection (a) of this section may not exceed $500 for each return.
(d)(1)(i) In this subsection the following words have the meanings indicated.
(2)(i) Subject to subparagraphs (ii) and (iii) of this paragraph, a vendor who is a qualified job training organization certified under paragraph (3) of this subsection and timely files a sales and use tax return is allowed a credit equal to 100% of the gross amount of sales and use tax that the vendor is to pay to the Comptroller.
Credits
Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1992, 1st Sp. Sess., c. 1, § 5; Acts 1994, c. 748, § 1, eff. July 1, 1995; Acts 2002, c. 440, § 18, eff. July 1, 2002; Acts 2004, c. 430, § 4, eff. July 1, 2004; Acts 2005, c. 444, § 3, eff. July 1, 2005; Acts 2007, 1st Sp. Sess., c. 3, § 2, eff. Jan. 1, 2008; Acts 2011, c. 397, § 1, eff. June 1, 2011; Acts 2021, c. 39, § 1, eff. Feb. 15, 2021; Acts 2021, c. 354, § 1, eff. July 1, 2021; Acts 2021, c. 355, § 1, eff. July 1, 2021.
Formerly Art. 81, §§ 338, 389.
MD Code, Tax - General, § 11-105, MD TAX GENERAL § 11-105
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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