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§ 8-210. Duty to pay financial institution franchise tax

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 8. Franchise Taxes (Refs & Annos)
Subtitle 2. Financial Institution Franchise Tax (Refs & Annos)
MD Code, Tax - General, § 8-210
§ 8-210. Duty to pay financial institution franchise tax
Currentness
In general
(a) Except as provided in subsection (b) of this section, a financial institution shall pay the financial institution franchise tax with the return that covers the period for which the tax is due.
Estimated tax
(b) Each financial institution required to file quarterly estimated financial institution franchise tax returns shall pay:
(1) at least 25% of the estimated financial institution franchise tax shown on the declaration or amended declaration for a taxable year:
(i) with the declaration or amended declaration that covers the year; and
(ii) with each quarterly return for that year; and
(2) any unpaid financial institution franchise tax for the year shown on the financial institution franchise tax return that covers that year, with the return.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1992, 1st Sp. Sess., c. 1, § 6.
Formerly Art. 81, § 128A.
MD Code, Tax - General, § 8-210, MD TAX GENERAL § 8-210
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.
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