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.
Section 8-304 – Returns
Each savings and loan association that, on December 31, holds deposits in the State shall complete, under oath, and file with the Comptroller a savings and loan association franchise tax return, on or before April 15 of the next year.
Section 8-305 – Tax Payment
A savings and loan association shall pay the savings and loan association franchise tax with the return that covers the period for which the tax is due.
Section 8-402 – Imposition of Tax
(a) A franchise tax, measured by gross receipts, is imposed, for each calendar year, on each public service company: (1) engaged in a telephone business in the State; or (2) engaged in the transmission, distribution, or delivery of electricity or natural gas in the State. (b) The tax imposed under subsection (a) of this section does not apply to […]
Section 8-210 – Tax Payment
(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. (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 […]
Section 8-211 – Administration by 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 […]
Section 7.5-102 – Tax on Gross Revenues From Digital Advertising Services — Apportionment Determination
(a) A tax is imposed on annual gross revenues of a person derived from digital advertising services in the State. (b) (1) For purposes of this title, the part of the annual gross revenues of a person derived from digital advertising services in the State shall be determined using an apportionment fraction: (i) the numerator of which is the […]
Section 8-212 – Certifications for Payment of Refunds
If a financial institution franchise tax refund claim under § 13-901 of this article is allowed, the Department shall certify the amount to the Comptroller for payment.
Section 7.5-103 – Digital Advertising Gross Revenues Tax Rate
The digital advertising gross revenues tax rate is: (1) 2.5% of the assessable base for a person with global annual gross revenues of $100,000,000 through $1,000,000,000; (2) 5% of the assessable base for a person with global annual gross revenues of $1,000,000,001 through $5,000,000,000; (3) 7.5% of the assessable base for a person with global annual gross revenues […]
Section 8-214 – Credit for Wages Paid Pursuant to Title 6, Subtitle 3 of the Economic Development Article
A financial institution may claim a credit against the financial institution franchise tax for wages paid to qualified employees as provided under Title 6, Subtitle 3 of the Economic Development Article.