Ch. 712

LAWS OF MARYLAND

CHAPTER 712

(House Bill 1257)

AN ACT concerning

Franchise Taxes - Savings and Loan Associations
Tax - Returns

FOR the purpose of deleting provisions requiring certain

certifications by savings and loan associations; requiring

savings and loan associations to file certain tax returns;
and providing for return requirements.

BY repealing

Article 81 - Revenue and Taxes

Section 128B(d)

Annotated Code of Maryland

(1980 Replacement Volume and 1986 Supplement)

BY adding

Article 81 - Revenue and Taxes
Section 128B(d)

Annotated Code of Maryland

(1980 Replacement Volume and 1986 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

128B.

[(d) An association shall certify to the State Comptroller
the total withdrawal value of free share accounts and deposits
and the franchise tax due in the manner that other taxes are
reported.]

(D) (1) ON OR BEFORE APRIL 15 AN ASSOCIATION SHALL FILE A
TAX RETURN WITH THE COMPTROLLER.

(2) A TAX RETURN SHALL:

(I) BE MADE ON THE FORM AND STATE THE

INFORMATION THE COMPTROLLER REQUIRES; AND

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