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§ 10-812. Corporation return -- Exempt corporations

MD Tax-Gen Code § 10-812 (2019) (N/A)
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(a)    A corporation exempt from income tax under § 10-104 of this title shall file an income tax return if the corporation:

(1)    has unrelated business taxable income, as defined under § 512 of the Internal Revenue Code;

(2)    is exempt from taxation under § 501(c)(2) of the Internal Revenue Code; or

(3)    is an S corporation that is incorporated or does business in the State.

(b)    An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may file an income tax return to claim a refund under § 10-714 of this title.

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