Md. Code, Tax-Gen. § 8-202
Md. Code, Tax-Gen. § 8-202
Maryland · Maryland Code, Tax - General · Status: effective
Cite this
- Citation
- Md. Code, Tax-Gen. § 8-202, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789954
- Permanent ID
ys:prov:1789954@1- SHA-256
17523baa2395261cc1231ec26d5ebca731d7c9c4e85bacb88b1272963cbfc622
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) (1) For all taxable years beginning before January 1, 2001, a franchise tax, measured by taxable net earnings, is imposed annually on each financial institution existing or doing business in the State during any part of the fiscal year of the financial institution.
(2) For all taxable years beginning after December 31, 2000, the financial institution franchise tax is terminated, and Maryland taxable income of financial institutions shall be subject to taxation under Title 10 of this article.
(b) A county, municipal corporation, special taxing district, or other political subdivision of the State may not impose on a savings bank or savings and loan association any tax other than its regular tax on property.