§ 6-106
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/md/insurance/6-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–106.
(a)Each person subject to taxation under this subtitle shall make a declaration of its estimated tax if the person’s total tax for the current taxable year reasonably is expected to exceed $1,000.
(b)A person required to make a declaration of estimated tax shall:
(1)file with the Commissioner:
(i)an initial declaration of estimated tax on or before April 15 of the taxable year; and
(ii)a quarterly estimated tax report on or before June 15, September 15, and December 15 after filing the initial declaration; and
(2)pay to the Commissioner at least 25% of the tax estimated for the full taxable year with the initial declaration for that year and with each quarterly report for that year.