Md. Code, Tax-Gen. § 8-208

Current with changes from the 2024 Legislative Session

Section 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.

Md. Code, TG § 8-208