§ 8-201 Definitions
§ 8-202 Imposition of tax
§ 8-203 Tax rate
§ 8-204 Taxable net earnings – Computation
§ 8-205 Taxable net earnings – International banking facilities
§ 8-206 Taxable net earnings – Allocation
§ 8-207 Tax credit – For estimated taxes
§ 8-208 Tax credit – For tax paid to other state
§ 8-209 Returns and declarations
§ 8-210 Tax payment
§ 8-211 Administration by Department
§ 8-212 Certifications for payment of refunds
§ 8-214 Credit for wages paid pursuant to Title 6, Subtitle 3 of the Economic Development Article
§ 8-215 Credit for neighborhood and community assistance
§ 8-216 Credit for wages, child care, and transportation for employees with disabilities
§ 8-217 Credit for businesses that create jobs
§ 8-218 Credit for employer-provided long-term care insurance
§ 8-220 One Maryland Economic Development Tax Credits
§ 8-221 Credit for commuter benefit costs

Terms Used In Maryland Code > TAX - GENERAL > Title 8 > Subtitle 2 - Financial Institution Franchise Tax

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: means a county of the State or Baltimore City. See
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See