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2017 Maryland Code
Tax - General
Title 7 - Death Taxes
Subtitle 3 - Maryland Estate Tax
§ 7-307. Alternative payment schedule
Universal Citation: MD Tax-Gen Code § 7-307 (2017)
- (a) In general. -- On application of the person responsible for paying the Maryland estate tax and subject to § 13-601 of this article, the Comptroller may allow an alternative payment schedule for the Maryland estate tax, notwithstanding any payment extension under § 6166 of the Internal Revenue Code.
- (b) Form of schedule. -- The payment schedule may be in the form of:
- (1) a payment deferral; or
- (2) an installment payment plan.
- (c) Action by Comptroller. --
- (1) For each alternative payment schedule allowed under subsection (a) of this section, the Comptroller shall specify the procedures and guidelines, including:
- (i) conditions of eligibility; and
- (ii)
- 1. amount and duration of any payment deferral; or
- 2. amount of and scheduled time for any installment payments.
- (2) If the Comptroller denies an application for an alternative payment schedule, the Comptroller shall mail a notice of the denial to the applicant.
- (1) For each alternative payment schedule allowed under subsection (a) of this section, the Comptroller shall specify the procedures and guidelines, including:
- (d) Time of payment. --
- (1) If an alternative payment schedule is allowed under subsection (a) of this section, the person responsible for filing the Maryland estate tax return under § 7-305 of this subtitle shall pay the tax in accordance with the schedule.
- (2) If the Maryland estate tax is paid in accordance with an alternative payment schedule allowed under subsection (a) of this section, a penalty for the late payment of the tax may not be assessed under § 13-701 of this article.
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