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2017 Maryland Code
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 6 - Electric Cooperatives
Part VI - Miscellaneous Provisions
§ 5-637. Fees; exemption from excise and income taxes
Universal Citation: MD Corp & Assn Code § 5-637 (2017)
- (a) Filing and recording fees. -- The Department shall collect fees for filing and recording corporate documents as provided in ยง 1-203 of this article.
- (b) Annual fees. -- On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $ 100 to the Department.
- (c) Exemption from excise and income taxes. -- Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax.
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