Md. Code, Tax-Gen. § 8-208

Maryland · Maryland Code, Tax - General · Status: effective

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Citation: Md. Code, Tax-Gen. § 8-208, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789960
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A savings bank or savings and loan association doing business outside this State may claim a credit against the financial institution franchise tax equal to the amount paid to another jurisdiction as: (1) a tax based on savings accounts or saving share accounts bought in this State; (2) a tax on gross receipts from business done in this State; or (3) a tax on income derived from business done in this State.