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§ 7-307. Alternative payment schedules

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2015

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 7. Death Taxes (Refs & Annos)
Subtitle 3. Maryland Estate Tax (Refs & Annos)
Effective: July 1, 2015
MD Code, Tax - General, § 7-307
§ 7-307. Alternative payment schedules
In general
(a) On application of the person responsible for paying the Maryland estate tax and subject to § 13-601 of this article, the Comptroller may allow an alternative payment schedule for the Maryland estate tax, notwithstanding any payment extension under § 6166 of the Internal Revenue Code.
Form of schedule
(b) The payment schedule may be in the form of:
(1) a payment deferral; or
(2) an installment payment plan.
Actions by Comptroller
(c)(1) For each alternative payment schedule allowed under subsection (a) of this section, the Comptroller shall specify the procedures and guidelines, including:
(i) conditions of eligibility; and
(ii) 1. amount and duration of any payment deferral; or
2. amount of and scheduled time for any installment payments.
(2) If the Comptroller denies an application for an alternative payment schedule, the Comptroller shall mail a notice of the denial to the applicant.
Tax payment schedule
(d)(1) If an alternative payment schedule is allowed under subsection (a) of this section, the person responsible for filing the Maryland estate tax return under § 7-305 of this subtitle shall pay the tax in accordance with the schedule.
(2) If the Maryland estate tax is paid in accordance with an alternative payment schedule allowed under subsection (a) of this section, a penalty for the late payment of the tax may not be assessed under § 13-701 of this article.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1989, c. 5, § 1; Acts 2006, c. 225, § 1, eff. July 1, 2006; Acts 2010, c. 554, § 1, eff. July 1, 2010; Acts 2011, c. 241, § 1, eff. Oct. 1, 2011; Acts 2015, c. 18, § 1, eff. July 1, 2015.
Formerly Art. 62A, § 3.
MD Code, Tax - General, § 7-307, MD TAX GENERAL § 7-307
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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