Section 5-637 - Fees; exemption from excise and income taxes. - Maryland Statutes

§ 5-637. Fees; exemption from excise and income taxes.
 

(a)  Filing and recording fees.- The Department shall collect fees for filing and recording corporate documents as provided in § 1-203 of this article. 

(b)  Annual fees.- On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $100 to the Department. 

(c)  Exemption from excise and income taxes.- Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax. 
 

[2002, ch. 135, § 3.]