WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
128A(e)(l) and (d)(1) and the first clause of (2).

This section is revised to incorporate the substance
of former Art. 81, § 128(d)(1), as it related to the
form of a report. As to the transfer of former Art.
81, § 128(a) through (h-1) to the Session Laws, see
the General Revisor's Note to this subtitle.

In subsections (a) and (c) of this section, the word
"return" is substituted for the former word "report",
for clarity and consistency with the terminology used
throughout this article.

In subsection (a) of this section, the     language

"existing ... during any part of the fiscal     year of

the State" is added to reflect § 8-202     of this
subtitle.

In subsection (b) of this section, the defined    term

"Department" is substituted for the former    word

"Director", to conform to subsection (a) of    this
section.

Also in subsection (b) of this section, the language
"subject to taxation under this section", which
formerly modified the term "financial institution", is
deleted as unnecessary in light of the reference to
"its ... tax", and § 8-202 of this subtitle.

Subsection (c) of this section is revised to apply to
declarations, as well as returns.

In subsection (c) of this section, the reference to
"information that the Department requires" is
substituted for the former references to "its net
earnings ... within the fiscal year ... for which the
tax is imposed".

The first sentence of former Art. 81, § 128A(e)(2),
which required the return to be "in such form as the
Department shall prescribe", is deleted as surplusage
in light of § 8-211(3) of this subtitle.

Defined terms: "Department" § 1-101

"Financial institution" § 8-101

"Financial institution franchise tax" § 1-101

8-210. TAX PAYMENT.

(A) REQUIRED.

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