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03.04.14.00.htm 03.04.14.00. Title 03 COMPTROLLER OF THE TREASURY Subtitle 04 INCOME TAX Chapter 14 Corporate Income Tax Reporting Authority: Tax-General Article, §2-103 and 10-804.1, Annotated Code of Maryland
03.04.14.01.htm 03.04.14.01. 01 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Commercial domicile" means the principal place from which the trade or business of the taxpayer is directed or managed.2) "Corporate group" has the meaning stated in Tax-General Article, §10-804.1(a)1) and (2) Annotated Code of Maryland.3) "Finnigan" means a method of apportioning taxable income of a corporate group whereby the numerator consists of the Maryla
03.04.14.02.htm 03.04.14.02. 02 Reports Required.. A. The reports described in this regulation shall be submitted electronically, using the form and instructions available on the Comptroller's website at www.marylandtaxes.com.B. Every corporate group shall file the following reports with the Comptroller:. 1) A pro forma water's edge combined corporate income tax report, including taxable income of the corporate group, eliminations to account for intercompany transactions within the corporate group, and
03.04.14.03.htm 03.04.14.03. 03 Penalties.. A. Failure to File Required Reports.. 1) Subject to §A(3) of this regulation, if a corporate group fails to file the reports required under this chapter, the Comptroller shall assess the penalties set forth in this section.2) The penalties to be assessed are:. a) Up to $5,000 per day for each of the first 30 days following the due date during which a report has not been filed; and
03.04.14.9999.htm 03.04.14.9999. Administrative History Effective date:. Regulations .01―03 adopted as an emergency provision effective October 14, 2008 (35:23 Md. R. 2010) emergency status expired November 30, 2008 ―
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