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§ 8-211. Powers and duties of Department

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, § 8-211
§ 8-211. Powers and duties of Department
The Department shall:
(1) administer the laws that relate to the financial institution franchise tax, consistent with this subtitle and with Title 10 of this article;
(2) adopt reasonable regulations to administer the provisions of laws that relate to the financial institution franchise tax, including regulations that establish, without regard to the methods required under Title 10 of this article, methods for allocation of net earnings based on gross volume of transactions;
(3) design the returns and other forms that, on completion, provide the information required for the administration of the financial institution franchise tax law;
(4) collect the financial institution franchise tax revenue, including penalties and interest; and
(5) certify that revenue to the Comptroller.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1988, c. 110, § 1; Acts 1989, c. 5, § 1; Acts 1992, 1st Sp. Sess., c. 1, § 7.
Formerly Art. 81, § 128A.
MD Code, Tax - General, § 8-211, MD TAX GENERAL § 8-211
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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