Section 8-216 – Credit for Wages, Child Care, and Transportation for Employees With Disabilities
A financial institution may claim a credit against the financial institution franchise tax for: (1) wages paid to a qualified employee with a disability; and (2) (i) child care provided or paid for by a business entity for the children of a qualified employee with a disability as provided under § 21–309 of the Education Article; or (ii) transportation […]
Section 8-407 – Telephone Lifeline Service Charges
A telephone company may claim a credit against the public service company franchise tax equal to all approved and applicable federal and State tariff charges for telephone lifeline service not billed to eligible subscribers as provided in § 8–201 of the Public Utilities Article.
Section 8-217 – Credit for Businesses That Create Jobs
A financial institution may claim a State tax credit against the financial institution franchise tax payable under this subtitle as provided under § 9-230 of the Tax – Property Article.
Section 8-408 – Administration by Department
The Department shall: (1) administer the laws that relate to the public service company franchise tax; (2) adopt reasonable regulations to administer the provisions of laws that relate to the public service company franchise tax; (3) design the returns and forms that, on completion, provide the information required for the administration of the public service company franchise tax […]
Section 8-218 – Credit for Employer-Provided Long-Term Care Insurance
A financial institution may claim a credit against the financial institution franchise tax for employer-provided long-term care insurance as provided under § 10-710 of this article.
Section 8-220 – One Maryland Economic Development Tax Credits
A financial institution may claim a credit against the financial institution franchise tax for One Maryland project costs and start–up costs as provided under Title 6, Subtitle 4 of the Economic Development Article.
Section 8-221 – Credit for Commuter Benefit Costs
A financial institution may claim a credit against the financial institution franchise tax for the cost of providing commuter benefits to the business entity’s employees as provided under § 2-901 of the Environment Article.
Section 8-301 – Imposition of Tax
(a) For all taxable years beginning before January 1, 2001, a franchise tax, measured by deposits held in the State, is imposed, for each calendar year, on each savings and loan association. (b) For all taxable years beginning after December 31, 2000, the savings and loan association franchise tax is terminated.
Section 8-302 – Tax Rate
The savings and loan association franchise tax rate is 0.013% of the total withdrawal value of the deposits that a savings and loan association holds in the State on December 31st.
Section 8-303 – Credit for Other Taxes
A savings and loan association organized under the laws of this State and doing business outside this State may claim a credit against the savings and loan association franchise tax in an amount that equals any tax paid to another jurisdiction as a franchise tax on deposits held in this State.