WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

The second and third sentences of former Art. 81, §
312(j)(l), which set forth the filing requirements
before 1975, are deleted as obsolete. Therefore, in
subsection (b)(1)(i) of this section, the former
"1975" effective date is deleted as obsolete.

The eighth sentence of former Art. 81, § 312(j)(l) and
the similar provisions of (k) that created a
presumption that a final return is a declaration or
amended declaration are deleted as surplusage.

The ninth sentence of former Art. 81, § 312(j)(l),
which subjected violations in connection with
estimated tax requirements to penalties, is deleted as
surplusage.

Defined terms: "Income tax" § 1-101
"Individual" § 10-801 "Taxable year" § 10-101

10-821. RETURNS AND DECLARATIONS OF CORPORATIONS.

(A)  RETURNS.

A CORPORATION REQUIRED UNDER PART II OF THIS SUBTITLE TO
FILE A RETURN FOR A TAXABLE YEAR SHALL COMPLETE AND FILE WITH THE
COMPTROLLER AN INCOME TAX RETURN:

(1)  ON OR BEFORE THE MARCH 15 THAT FOLLOWS THAT
TAXABLE YEAR; OR

(2)  IF INCOME TAX IS COMPUTED FOR A FISCAL YEAR, ON
OR BEFORE THE 15TH DAY OF THE 3RD MONTH AFTER THE END OF THAT
YEAR.

(B)  DECLARATIONS.

A CORPORATION REQUIRED UNDER § 10-816 OF THIS SUBTITLE TO
FILE A DECLARATION OF ESTIMATED INCOME TAX FOR A TAXABLE YEAR
SHALL COMPLETE AND FILE WITH THE COMPTROLLER A QUARTERLY
ESTIMATED TAX RETURN ON OR BEFORE THE 15TH DAY OF THE 4TH, 6TH,
9TH, AND 12TH MONTHS OF THAT YEAR.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
305(b) and the first sentence of § 312(n)(2).

In subsections (a) and (b) of this section, the duty
to "complete" a return or declaration is added as a
general reference to § 2-104 of this article. See the
revisor's note to that section.

In subsection (b) of this section, the phrase "of that
year" is substituted for the former phrase "following
the beginning of the taxable year", to identify
clearly the dates on which declarations must be filed.

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