Md. Code Ann., Corps. & Ass'ns § 5-649
Fees; exemption from excise and income taxes
Effective May 8, 2020Added as Corporations and Associations § 5-637 by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002. Renumbered as Corporations and Associations 5-649 by Acts 2020, c. 606, § 1, eff. May 8, 2020.State of Maryland
- (a) The Department shall collect fees for filing and recording corporate documents as provided in § 1-203 of this article.
- (b) On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $100 to the Department.
- (c) Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax.
Added as Corporations and Associations § 5-637 by Acts 2002, c. 135, § 3, eff. Oct. 1, 2002. Renumbered as Corporations and Associations 5-649 by Acts 2020, c. 606, § 1, eff. May 8, 2020.