2010 Maryland Code
TAX - GENERAL
TITLE 8 - FRANCHISE TAXES
Subtitle 2 - Financial Institution Franchise Tax
Section 8-208 - Tax credit - For tax paid to other state.
§ 8-208. Tax credit - For tax paid to other state.
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.
[1988, ch. 2, § 1.]
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