Md. Code, Tax - General § 8-208
Md. Code, Tax - General § 8-208
in effectA savings bank or savings and loan association doing business outside this State may claim a credit against the financial institution franchise tax equal to the amount paid to another jurisdiction as:
(1) a tax based on savings accounts or saving share accounts bought in this State;
(2) a tax on gross receipts from business done in this State; or
(3) a tax on income derived from business done in this State.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg§ion=8-208&enactments=falseFetched: 10/17/2026