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§ 13-909. Overpayment of tax to offset deficiencies

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 13. Procedure (Refs & Annos)
Subtitle 9. Refunds and Offsets (Refs & Annos)
Part II. Financial Institution Franchise Tax and Income Tax Abatements and Offsets (Refs & Annos)
MD Code, Tax - General, § 13-909
§ 13-909. Overpayment of tax to offset deficiencies
Currentness
In general
(a) Without regard to the provisions of § 13-1104 of this title, if the tax collector determines a person's financial institution franchise tax or income tax for multiple taxable years and simultaneously finds both overpayments and deficiencies in those taxable years, the tax collector:
(1) may offset the deficiencies to the extent of the overpayments; but
(2) may not allow a refund that is barred under Subtitle 11 of this title.
Restriction on application of overpayments
(b) An overpayment determined under subsection (a) of this section may not be applied as an offset to a deficiency in any taxable year other than the years included in the Comptroller's determination under subsection (a) of this section.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989.
Formerly Art. 81, §§ 128A, 304.
MD Code, Tax - General, § 13-909, MD TAX GENERAL § 13-909
Current through legislation effective through April 25, 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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