§ 8-208
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/md/tax-general/8-208A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–208.
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.