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Maryland Code, Business Regulation § 17-303

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The minimum license fee under this title is $2.50.

(b) Except as otherwise provided in this title, the license fee shall be prorated quarterly, but not below $2.50, if an applicant applies after May 1 for a license that will become effective before the following April 30.

(c)(1) A person who must have a license under this title but does not get the license on time shall pay to the clerk, in addition to the required license fee, a late fee.

(2) Subject to paragraph (3) of this subsection, the late fee shall be the sum of:

(i) 10% of the required license fee for the calendar month following the calendar month when the required license fee is due; and

(ii) 2% of the required license fee for each calendar month or part of a month after that.

(3) A late fee imposed under this subsection may not exceed 30% of the required license fee for the license year.

(d) The Comptroller shall charge an issuance fee for each license that is issued or transferred.

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Cite this article: FindLaw.com - Maryland Code, Business Regulation § 17-303 - last updated January 01, 2025 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-17-303/

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