Ch. 203                                    2003 LAWS OF MARYLAND

13-602.

(a) Except as provided in subsections (b) and (c) of this section, a tax collector
shall assess interest on unpaid tax from the due date to the date on which the tax is
paid if a person who is required to estimate and pay financial institution franchise
tax, public service company franchise tax, or income tax under § 8-210(b), § 8-405(b),
or § 10-902 of this article:

(1)     fails to pay an installment when due; or

(2)     estimates a tax that is:

(i) less than 90% of the tax required to be shown on the return for
the current taxable year; and

(ii) less than 110% OF the tax paid for the prior taxable year,
reduced by the credit allowed under § 10-703 of this article.

13-702.

(a) Except as provided in subsections (b) and (c) of this section, a tax collector
shall assess a penalty not exceeding 25% of the amount underestimated, if a person
who is required to estimate and pay financial institution franchise tax, public service
company franchise tax, or income tax under § 8-210(b), § 8-405(b), or § 10-902 of this
article:

(1)     fails to pay an installment when due; or

(2)     estimates a tax that is:

(i) less than 90% of the tax required to be shown on the return for
the current taxable year; and

(ii) less than 110% OF the tax paid for the prior taxable year,
reduced by the credit allowed under § 10-703 of this article.

13-803.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "NONRESIDENT CONTRACTOR" MEANS A CONTRACTOR THAT DOES
NOT MAINTAIN A REGULAR PLACE OF BUSINESS IN THIS STATE.

(3) (I) "REGULAR PLACE OF BUSINESS" MEANS:

1. A BONA FIDE OFFICE, OTHER THAN A STATUTORY OFFICE;

2.       A FACTORY;

3.       A WAREHOUSE: OR

4.       ANY OTHER SPACE IN THIS STATE:

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