Md. Code Regs. 03.04.04.01

Current through Register Vol. 51, No. 22, November 1, 2024

Section 03.04.04.01 - Order of Payment for Unpaid Income Tax

A. Income tax payments received by the Comptroller shall be applied as follows:

(1) Payments accompanying returns shall be applied to the period covered by the return in the following manner:

(a) First to any penalty;

(b) Second to accrued interest; and

(c) Third to the unpaid tax.

(2) All other payments shall be applied to the earliest delinquent tax year in the following manner:

(a) First to any penalty,

(b) Second to accrued interest, and

(c) Third to the unpaid tax.

B. A refund of income tax due a taxpayer shall be applied first as provided for in §A(2) of this regulation, and then in the following order of priority:

(1) To any debt collection intercept under COMAR 03.04.05 or 03.04.06; and

(2) To the taxpayer of any remaining balance.

Md. Code Regs. 03.04.04.01

Regulation .01 amended effective August 20, 1990 (17:16 Md. R. 1989); amended effective 49:9 Md. R. 529, eff. 5/2/2022