2010 Maryland Code
TAX - GENERAL
TITLE 9 - FUEL TAXES
Subtitle 2 - Motor Carrier Tax
Section 9-214 - Credits.
§ 9-214. Credits.
(a) Allowed.- A motor carrier may claim a credit against the motor carrier tax to the extent of the motor fuel tax that the motor carrier paid on motor fuel bought in the State.
(b) Excess credit.- If the credit allowed under subsection (a) of this section for a return period exceeds the motor carrier tax due in the period, then, in accordance with regulations of the Comptroller, the motor carrier may:
(1) apply the excess credit to the motor carrier tax due within the next 2 years; or
(2) apply for a refund of the excess credit under § 13-901 of this article.
[An. Code 1957, art. 81, § 414; 1988, ch. 2, § 1; 1989, ch. 5, § 1.]
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