§ 8–208
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 8-208 (2026)
Title 8. Franchise Taxes
Subtitle 2. Financial Institution Franchise Tax
§ 8–208LinkCopy Citation
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.