Section 13-909 - Offsets. - Maryland Statutes

§ 13-909. Offsets.
 

(a)  In general.- Without regard to the provisions of § 13-1104 of this title, if the tax collector determines a person's financial institution franchise tax or income tax for multiple taxable years and simultaneously finds both overpayments and deficiencies in those taxable years, the tax collector: 

(1) may offset the deficiencies to the extent of the overpayments; but 

(2) may not allow a refund that is barred under Subtitle 11 of this title. 

(b)  Restriction on application of overpayments.- An overpayment determined under subsection (a) of this section may not be applied as an offset to a deficiency in any taxable year other than the years included in the Comptroller's determination under subsection (a) of this section. 
 

[An. Code 1957, art. 81, §§ 128A, 304; 1988, ch. 2, § 1.]