§ 7-307. Alternative payment schedules
West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2015
Effective: July 1, 2015
MD Code, Tax - General, § 7-307
§ 7-307. Alternative payment schedules
(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.
(b) The payment schedule may be in the form of:
(c)(1) For each alternative payment schedule allowed under subsection (a) of this section, the Comptroller shall specify the procedures and guidelines, including:
(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.
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 legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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