Skip to Main Content
<< Back | Return to Main COMAR Search Page

6 records match your request.

FileAbstract
31.06.04.00.htm 31.06.04.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 06 TAXES AND FEES Chapter 04 Premium Tax ― Required Filings, Payments, Penalties, and Interest Authority: Insurance Article, §2-109, 6-101―6-103, and 6-106―6-109, Annotated Code of Maryland
31.06.04.01.htm 31.06.04.01. 01 Scope.. This chapter applies to any person who is subject to the taxation of premiums in the State under Insurance Article, §6-101, Annotated Code of Maryland.
31.06.04.02.htm 31.06.04.02. 02 Declaration of Estimated Tax and Quarterly Payments.. A. Each taxpayer subject to premium tax shall declare an estimated annual tax if the taxpayer's total tax for the current tax year is reasonably expected to exceed $1,000.B. The declaration of estimated annual tax shall be:. 1) Filed with the Insurance Administration, on a form or in a manner approved by the Commissioner, on or before April 15 of t2) A reasonable estimate of the expected annual tax liability for that year..
31.06.04.03.htm 31.06.04.03. 03 Final Report.. A. On or before March 15 following the end of the tax year, a person subject to premium tax shall file a Final Report with the Insurance Administration on a form or in a manner approved by the Commissioner.B. The Final Report shall contain:. 1) Either:. a) A report of the new and renewal gross direct premiums less returned premiums written by the taxpayer during the preceding calendar year, including, for Maryland domiciled taxpayers, premiums writte
31.06.04.04.htm 31.06.04.04. 04 Interest and Penalties.. A. Each taxpayer is subject to the assessment of a penalty of 5 percent of the amount not paid when due and interest at the rate specified in Tax-General Article, §13-604(b)1) Annotated Code of Maryland, from the date the tax was due until payment is made to the Commissioner when the taxpayer fails to remit or remits less than:1) The amount due with:. a) The declaration of estimated annual tax in accordance with Regulation .02C of this chapter; or.
31.06.04.9999.htm 31.06.04.9999. Administrative History Effective date: September 17, 2001 (28:18 Md. R. 1622). Regulation .04A amended effective August 15, 2016 (43:16 Md. R. 901).
<< Back | Return to Main COMAR Search Page