§ 8-210

# (a)

Except as provided in subsection (b) of this section, a financial institution shall pay the financial institution franchise tax with the return that covers the period for which the tax is due.

# (b)

Each financial institution required to file quarterly estimated financial institution franchise tax returns shall pay:

# (1)

at least 25% of the estimated financial institution franchise tax shown on the declaration or amended declaration for a taxable year:

(i) with the declaration or amended declaration that covers the year; and

(ii) with each quarterly return for that year; and

# (2)

any unpaid financial institution franchise tax for the year shown on the financial institution franchise tax return that covers that year, with the return.