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§ 8-405. Duty to pay public service company 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 4. Public Service Company Franchise Tax (Refs & Annos)
MD Code, Tax - General, § 8-405
§ 8-405. Duty to pay public service company franchise tax
Currentness
In general
(a) Except as provided in subsection (b) of this section, each public service company shall pay the public service company franchise tax with the return that covers the period for which the tax is due.
Estimated taxes paid
(b) A public service company required to file estimated public service company franchise tax returns under § 8-404(b) of this subtitle shall pay:
(1) at least 25% of the estimated public service company 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 public service company franchise tax for the year shown on the public service company 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 1988, c. 568; Acts 1992, 1st Sp. Sess., c. 1, § 6.
Formerly Art. 81, §§ 130, 130A, 133.
MD Code, Tax - General, § 8-405, MD TAX GENERAL § 8-405
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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