Sec. 03.03.01.20. Penalties and Interest

Latest version.

A. Penalties.

(1) If a person fails to pay a tax when due, the Comptroller may assess a penalty in an amount not to exceed 10 percent of the tax.

(2) If a person fails to file a return when due, the Comptroller may assess a penalty in an amount not to exceed $25.

B. Interest.

(1) If a person fails to file a return when due, interest shall be assessed as prescribed in Tax-General Article, Title 13, Annotated Code of Maryland. Interest will not be assessed, however, unless the computed interest for a return exceeds $2.

(2) Interest on unpaid tax assessments shall be assessed as prescribed in Tax-General Article, Title 13, Annotated Code of Maryland, but the $2 minimum does not apply.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');