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Current as of January 01, 2025 | Updated by Findlaw Staff
A refund payable to a qualified business entity under § 6-403(e) of this subtitle reduces:
(1) the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax--General Article;
(2) the income tax revenue from individuals if the qualified business entity is:
(i) an individual subject to the income tax under Title 10 of the Tax--General Article; or
(ii) an organization exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; and
(3) insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 6-404 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-6-404/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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