Section 8-301 - Imposition of tax. - Maryland Statutes

§ 8-301. Imposition of tax.
 

(a)  Franchise tax on deposits.- For all taxable years beginning before January 1, 2001, a franchise tax, measured by deposits held in the State, is imposed, for each calendar year, on each savings and loan association. 

(b)  Termination of savings and loan franchise tax.- For all taxable years beginning after December 31, 2000, the savings and loan association franchise tax is terminated. 
 

[An. Code 1957, art. 81, § 128B; 1988, ch. 2, § 1; ch. 565; 2000, ch. 225, § 1.]