(a) The minimum license fee under this title is $2.50.
(b) Except as otherwise provided in this title, the license fee shall be prorated quarterly, but not below $2.50, if an applicant applies after May 1 for a license that will become effective before the following April 30.
(c)(1) A person who must have a license under this title but does not get the license on time shall pay to the clerk, in addition to the required license fee, a late fee.
(2) Subject to paragraph (3) of this subsection, the late fee shall be the sum of:
(i) 10% of the required license fee for the calendar month following the calendar month when the required license fee is due; and
(ii) 2% of the required license fee for each calendar month or part of a month after that.
(3) A late fee imposed under this subsection may not exceed 30% of the required license fee for the license year.
(d) The Comptroller shall charge an issuance fee for each license that is issued or transferred.
Credits
Added by Acts 1992, c. 4, § 2. Amended by Acts 2022, c. 315, § 2, eff. Oct. 1, 2022.
Formerly Art. 56, §§ 1, 1A, 10, 17, 17A, 20B.
MD Code, Business Regulation, § 17-303, MD BUS REG § 17-303
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.
