State Codes and Statutes
Statutes > Maryland > Tax-general > Title-8 > Subtitle-2 > 8-208§ 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.
[1988, ch. 2, § 1.]
