Find Laws Find Lawyers Free Legal Forms USA State Laws

MARYLAND STATUTES AND CODES

Section 11-105 - Credit - Collection and payment expense.

§ 11-105. Credit - Collection and payment expense.
 

(a)  In general.-  

(1) Except as provided in subsections (b) and (c)  of this section, a vendor who timely files a sales and use tax return is allowed, for the expense of collecting and paying the tax, a credit equal to 0.9% of the gross amount of sales and use tax that the vendor is to pay to the Comptroller. 

(2) The credit allowed under this section does not apply to any sales and use tax that a vendor is required to pay to the Comptroller for any purchase or use that the vendor makes that is subject to the tax. 

(b)  Amount.-  

(1) Subject to paragraph (2) of this subsection, the credit allowed under this section is 1.2% of the first $6,000 of the gross amount of sales and use tax that the vendor is to pay with each return. 

(2) For a vendor who files or is eligible to file a consolidated return under § 11-502 of this title, the credit allowed under paragraph (1) of this subsection is 1.2% of the first $6,000 of the gross amount of sales and use tax that the vendor is or would be required to pay with the consolidated return. 

(c)  Allowance for certain period.- From January 3, 2008 through June 30, 2011: 

(1) the credit allowed under subsection (a) of this section may not exceed $500 for each return; and 

(2) for a vendor who files or is eligible to file a consolidated return under § 11-502 of this title, the total maximum credit that the vendor is allowed under this section for all returns filed for any period is $500. 
 

[An. Code 1957, art. 81, §§ 338, 389; 1988, ch. 2, § 1; 1992, 1st Sp. Sess., ch. 1, § 5; 1994, ch. 748; 2002, ch. 440, § 18; 2004, ch. 430, § 4; 2005, ch. 444, § 3; 2007 Sp. Sess., ch. 3, § 2.] 
 

Maryland Forms by Issue

Maryland Abortion Forms
Maryland Administration/Filing Fees Forms
Maryland Business Forms
Maryland Court Forms
> Criminal
> DUI
> Probate
> Civil (District)
> Mediation
> Small Claims
Maryland Divorce Forms
Maryland Expungement Forms
Maryland Family Forms
Maryland Guardianship Forms
Maryland Gun Forms
Maryland Name Change Forms
Maryland Other Forms
Maryland Tax Forms

Maryland Law

Maryland State Laws
    > Maryland Child Support
    > Maryland Gun Law
    > Maryland Statutes
Maryland Court
    > District Court of Maryland
    > Maryland Court Cases
    > Maryland Court Records
    > Maryland Judiciary
    > Maryland Judiciary Case Search
    > Mcculloch v. Maryland
Maryland Tax
    > Maryland State Tax
Maryland Labor Laws
    > Maryland Unemployment
Maryland Agencies
    > Maryland Department of Assessments and Taxation
    > Maryland Department of Motor Vehicles
    > Maryland State Police

Maryland Court Map

Tips