State Codes and Statutes
Statutes > Maryland > Tax-general > Title-10 > Subtitle-8 > 10-812§ 10-812. Corporation return - Exempt corporations.
(a) Income tax return.- A corporation exempt from income tax under § 10-104 of this title shall file an income tax return if the corporation:
(1) has unrelated business taxable income, as defined under § 512 of the Internal Revenue Code;
(2) is exempt from taxation under § 501(c)(2) of the Internal Revenue Code; or
(3) is an S corporation that is incorporated or does business in the State.
(b) Refund.- An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may file an income tax return to claim a refund under § 10-714 of this title.
[An. Code 1957, art. 81, § 295; 1988, ch. 2, § 1; ch. 135, § 1; 2001, ch. 729.]
