§ 13-909
111 words·~1 min read·
/md/tax-general/13-909A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§13–909.
(a)Without regard to the provisions of § 13-1104 of this title, if the tax collector determines a person’s financial institution franchise tax or income tax for multiple taxable years and simultaneously finds both overpayments and deficiencies in those taxable years, the tax collector:
(1)may offset the deficiencies to the extent of the overpayments; but
(2)may not allow a refund that is barred under Subtitle 11 of this title.
(b)An overpayment determined under subsection
(a)of this section may not be applied as an offset to a deficiency in any taxable year other than the years included in the Comptroller’s determination under subsection
(a)of this section.