Ch. 2                                    LAWS OF MARYLAND

(I)  WITH THE DECLARATION OR AMENDED DECLARATION
THAT COVERS THAT YEAR; AND

(II)  WITH EACH QUARTERLY RETURN FOR THAT YEAR;
AND

(2) ANY UNPAID INCOME TAX FOR THE YEAR SHOWN ON THE
INCOME TAX RETURN THAT COVERS THAT YEAR, WITH THE RETURN.

(B)  WHEN FINAL INCOME TAX RETURN IS FILED ON JANUARY 31.

IF AN INDIVIDUAL UNDER SUBSECTION (A) OF THIS SECTION FILES
A FINAL INCOME TAX RETURN ON OR BEFORE JANUARY 31 OF A TAXABLE
YEAR, AS ALLOWED UNDER § 10-820(B)(3) OF THIS TITLE INSTEAD OF
PAYING 25% OF THE ESTIMATED INCOME TAX SHOWN ON THE DECLARATION
OR AMENDED DECLARATION FOR THAT YEAR WITH THE ESTIMATED TAX
RETURN ON JANUARY 15, THE INDIVIDUAL SHALL PAY IN FULL THE UNPAID
INCOME TAX FOR THAT YEAR WITH THE FINAL RETURN.

(C)  FISHING OR FARMING INCOME.

IF AN INDIVIDUAL WITH ESTIMATED INCOME FROM FISHING OR
FARMING FILES THE DECLARATION OR THE RETURN ON THE DATES ALLOWED
UNDER § 10-820(C) OF THIS TITLE, THE INDIVIDUAL SHALL PAY IN FULL
THE INCOME TAX SHOWN ON THE RETURN FOR THAT TAXABLE YEAR ON OR
BEFORE MARCH 1 OF THE NEXT YEAR.

(D)  INCOME FROM WAGERING.

AN INDIVIDUAL WHO RECEIVES INCOME FROM WAGERING SHALL PAY IN
FULL THE INCOME TAX ON THAT INCOME WITH THE ESTIMATED TAX RETURN
THAT COVERS THE PERIOD IN WHICH THE INDIVIDUAL RECEIVES THAT
INCOME.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, §
312(n)(3) and the second sentence of (2), the sixth
sentence and, as it related to time of payment, the
seventh sentence of (j)(l), and, as they related to
the time of payment, (k) and (j)(2).

In subsections (a) through (c) of this section, the
references to payment "with a return" are substituted
for former phrases such as "on each of the four dates
specified" and "at which time", for clarity.

Subsection (a)(1) of this section is revised to state
separately the initial and subsequent estimated
payments, for clarity.

Subsection (a)(2) of this section is revised to apply
to individuals, as well as corporations.

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