Section 8-210 - Tax payment. - Maryland Statutes

§ 8-210. Tax payment.
 

(a)  Required.- 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)  Estimated tax; financial franchise tax.- Each financial institution required to file quarterly estimated financial institution franchise tax returns shall pay: 

(1) at least 25% of the estimated financial institution franchise tax shown on the declaration or amended declaration for a taxable year: 

(i) with the declaration or amended declaration that covers the year; and 

(ii) with each quarterly return for that year; and 

(2) any unpaid financial institution franchise tax for the year shown on the financial institution franchise tax return that covers that year, with the return. 
 

[An. Code 1957, art. 81, § 128A; 1988, ch. 2, § 1; 1992, 1st Sp. Sess., ch. 1, § 6.]