Section 9-214 - Credits. - Maryland Statutes

§ 9-214. Credits.
 

(a)  Allowed.- A motor carrier may claim a credit against the motor carrier tax to the extent of the motor fuel tax that the motor carrier paid on motor fuel bought in the State. 

(b)  Excess credit.- If the credit allowed under subsection (a) of this section for a return period exceeds the motor carrier tax due in the period, then, in accordance with regulations of the Comptroller, the motor carrier may: 

(1) apply the excess credit to the motor carrier tax due within the next 2 years; or 

(2) apply for a refund of the excess credit under § 13-901 of this article. 
 

[An. Code 1957, art. 81, § 414; 1988, ch. 2, § 1; 1989, ch. 5, § 1.]