A holder of a permit issued under this part may renew the permit each year if the holder: is otherwise entitled to hold a permit under this part; provides to the Executive Director and the Comptroller a copy of its current permit; and pays the Executive Director a renewal fee of $200. The Executive Director may deny a renewal application for a permit issued under this part if the holder fails to: file a tax return required under this subtitle; pay a fee or tax when due; or after receiving notice, comply with this article or a regulation that the Executive Director adopts under this article.