Section 8-405 – Tax Payment
(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. (b) A public service company required to file estimated public service company franchise tax returns under § 8-404(b) of this subtitle shall […]
Section 8-215 – Credit for Neighborhood and Community Assistance
A financial institution may claim a credit against the financial institution franchise tax for neighborhood and community assistance contributions as provided under § 6-404 of the Housing and Community Development Article.
Section 8-406 – Credits Generally
(a) A public service company may claim a credit against the public service company franchise tax equal to the estimated tax paid under § 8-405(b) of this subtitle. (b) (1) (i) Subject to the limitations of this subsection, a public service company, including any multijurisdictional public service company, may claim a credit against the public service company franchise tax […]
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.