Maryland Statutes
§ 8-206
Maryland § 8-206
This text of Maryland § 8-206 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Tax - General § 8-206 (2026).
Text
(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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Nearby Sections
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Cite This Page — Counsel Stack
Bluebook (online)
Maryland § 8-206, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gtg/8-206.