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§ 10-908. Amounts withheld from wages, distributions, and death benefits

West's Annotated Code of MarylandTax-GeneralEffective: January 1, 2008

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 9. Tax Payment (Refs & Annos)
Part II. Payment of Tax Withheld (Refs & Annos)
Effective: January 1, 2008
MD Code, Tax - General, § 10-908
§ 10-908. Amounts withheld from wages, distributions, and death benefits
Currentness
Wages
(a) An employer shall withhold from the wages of an individual the amount indicated in the income tax withholding tables or income tax percentage withholding schedules that the Comptroller prepares.
Distribution from fiduciary
(b) A payor that is a fiduciary shall withhold from each distribution the amount indicated in the income tax withholding tables or income tax percentage withholding schedules that the Comptroller prepares.
Annuity, sick pay, or retirement distributions
(c) A payor shall withhold the amount from an annuity, sick pay, or retirement distribution that the payee requests.
Wagering
(d) A payor shall withhold from a payment subject to withholding of winnings derived from wagering:
(1) if the payee is a resident, a rate equal to the sum of 3.0% and the top marginal State income tax rate for individuals under § 10-105(a) of this title, applied to the payment; and
(2) if the payee is a nonresident, a rate equal to the sum of the rate of the tax imposed under § 10-106.1 of this title and the top marginal State income tax rate for individuals under § 10-105(a) of this title, applied to the payment.
Death benefit
(e) The Board of Trustees of the State Retirement and Pension System shall withhold from a payment of a death benefit to a resident payee the sum of:
(1) 4.75% of the payment; and
(2) the county income tax rate applied to the payment.
Rollover distribution
(f) If a payment to a resident payee is a designated distribution that is an eligible rollover distribution within the meaning of § 3405(c) of the Internal Revenue Code and the payment is subject to mandatory withholding of federal income tax, the payor shall withhold from the payment an amount equal to 7.75% of the payment.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1989, c. 590, § 3; Acts 1991, c. 86; Acts 1993, c. 243; Acts 1994, c. 137, § 1, eff. July 1, 1994; Acts 1994, c. 468, § 1, eff. Oct. 1, 1994; Acts 1997, c. 4, § 1, eff. July 1, 1997; Acts 1999, c. 493, § 1, eff. May 13, 1999; Acts 2005, c. 444, § 3, eff. July 1, 2005; Acts 2007, c. 433, § 1, eff. July 1, 2007; Acts 2007, 1st Sp. Sess., c. 3, § 1, eff. Jan. 1, 2008.
Formerly Art. 81, § 312.
MD Code, Tax - General, § 10-908, MD TAX GENERAL § 10-908
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document