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.
Structure Maryland Statutes
Subtitle 2 - Financial Institution Franchise Tax
Section 8-202 - Imposition of Tax
Section 8-204 - Taxable Net Earnings -- Computation
Section 8-205 - Taxable Net Earnings -- International Banking Facilities
Section 8-206 - Taxable Net Earnings -- Allocation
Section 8-207 - Tax Credit -- for Estimated Taxes
Section 8-208 - Tax Credit -- for Tax Paid to Other State
Section 8-209 - Returns and Declarations
Section 8-211 - Administration by Department
Section 8-212 - Certifications for Payment of Refunds
Section 8-215 - Credit for Neighborhood and Community Assistance
Section 8-216 - Credit for Wages, Child Care, and Transportation for Employees With Disabilities
Section 8-217 - Credit for Businesses That Create Jobs
Section 8-218 - Credit for Employer-Provided Long-Term Care Insurance
Section 8-220 - One Maryland Economic Development Tax Credits