1. (a) A corporation that, during a taxable year, has Maryland taxable income shall file an income tax return.

2. (b) Notwithstanding the provisions of subsection (a) of this section, a corporation which is not otherwise required to file a return shall file a return if the corporation:

   1. (1) is not tax exempt under § 10-104 of this title;
   2. (2) is required to file a federal income tax return;
   3. (3) carries on business within this State; and
   4. (4) has income or losses attributable to sources within this State.

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989. Amended by Acts 1989, c. 173.

Formerly Art. 81, § 295.