Md. Code Regs. 03.03.01.20

Current through Register Vol. 51, No. 24, December 2, 2024

Section 03.03.01.20 - Penalties and Interest

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.

Md. Code Regs. 03.03.01.20

Regulations .20 adopted effective August 26, 1985 (12:17 Md. R. 1698)
Regulation .20 repealed effective August 6, 1990 (17:15 Md. R. 1853)
Regulation .20A amended effective May 8, 1995 (22:9 Md. R. 644); January 14, 1999 (26:1 Md. R.19)