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Maryland Code — Tax-General + Tax-Property Articles

Md. Code Ann., Tax-Gen. § 8-206

§ 8-206

Official textmgaleg.maryland.gov

# (a)

In computing taxable net earnings, a financial institution with net earnings derived outside the State shall allocate its net earnings, in the manner that the Department requires, based on the gross volume of the transactions of the financial institution inside and outside the State.

# (b)

In computing taxable net earnings, a financial institution shall include only that part of interest derived from the trade or business, in this State, of the subsidiaries of the financial institution, if the financial institution is a holding company because its only activities are to:

# (1)

maintain and manage intangible investments; and

# (2)

collect and distribute income from intangible investments.

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In this article (40 sections)
  1. gtg-7-309 · § 7-309
  2. gtg-7-401 · § 7-401
  3. gtg-7-402 · § 7-402
  4. gtg-7-403 · § 7-403
  5. gtg-7-404 · § 7-404
  6. gtg-7-405 · § 7-405
  7. gtg-7-406 · § 7-406
  8. gtg-7.5-101 · § 7.5-101
  9. gtg-7.5-102 · § 7.5-102
  10. gtg-7.5-103 · § 7.5-103
  11. gtg-7.5-201 · § 7.5-201
  12. gtg-7.5-202 · § 7.5-202
  13. gtg-7.5-301 · § 7.5-301
  14. gtg-8-101 · § 8-101
  15. gtg-8-102 · § 8-102
  16. gtg-8-201 · § 8-201
  17. gtg-8-202 · § 8-202
  18. gtg-8-203 · § 8-203
  19. gtg-8-204 · § 8-204
  20. gtg-8-205 · § 8-205
  21. gtg-8-206 · § 8-206
  22. gtg-8-207 · § 8-207
  23. gtg-8-208 · § 8-208
  24. gtg-8-209 · § 8-209
  25. gtg-8-210 · § 8-210
  26. gtg-8-211 · § 8-211
  27. gtg-8-212 · § 8-212
  28. gtg-8-214 · § 8-214
  29. gtg-8-215 · § 8-215
  30. gtg-8-216 · § 8-216
  31. gtg-8-217 · § 8-217
  32. gtg-8-218 · § 8-218
  33. gtg-8-220 · § 8-220
  34. gtg-8-221 · § 8-221
  35. gtg-8-301 · § 8-301
  36. gtg-8-302 · § 8-302
  37. gtg-8-303 · § 8-303
  38. gtg-8-304 · § 8-304
  39. gtg-8-305 · § 8-305
  40. gtg-8-401 · § 8-401
Full table of contents →