Maryland Code, BUSINESS REGULATION 17-1807
Terms Used In Maryland Code, BUSINESS REGULATION 17-1807
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(2) If the applicant’s business is located in a county or municipal corporation that selects a uniform license fee under § 17-1806 of this subtitle, the applicant:
(i) shall pay the license fee set forth in subsection (b) of this section; and
(ii) if the county or municipal corporation in which the business is located provides a full tax exemption for commercial inventory, may not be required to submit a certification by the State Department of Assessments and Taxation of the value of the goods, fixtures, and stock-in-trade under § 17-302 of this title.
(3) If the applicant’s business is located in a county or municipal corporation with a license fee based on the value of the applicant’s stock-in-trade, the applicant shall pay the license fee under subsection (c) of this section.
(b) (1) This subsection applies only to a county or municipal corporation that selects a uniform license fee for a trader’s license under § 17-1806 of this subtitle.
(2) In a county other than Baltimore City or Baltimore County, the license fee is $15.
(3) In Baltimore City or Baltimore County, the license fee is $20.
(c) (1) This subsection applies only to a county or municipal corporation with a license fee based on the value of the applicant’s stock-in-trade.
(2) In a county other than Baltimore City or Baltimore County, the license fee is:
(i) $15, if the value of the applicant’s stock-in-trade is not more than $1,000;
(ii) $18, if the value is more than $1,000 but not more than $1,500;
(iii) $20, if the value is more than $1,500 but not more than $2,500;
(iv) $25, if the value is more than $2,500 but not more than $4,000;
(v) $30, if the value is more than $4,000 but not more than $6,000;
(vi) $40, if the value is more than $6,000 but not more than $8,000;
(vii) $50, if the value is more than $8,000 but not more than $10,000;
(viii) $65, if the value is more than $10,000 but not more than $15,000;
(ix) $80, if the value is more than $15,000 but not more than $20,000;
(x) $100, if the value is more than $20,000 but not more than $30,000;
(xi) $125, if the value is more than $30,000 but not more than $40,000;
(xii) $150, if the value is more than $40,000 but not more than $50,000;
(xiii) $200, if the value is more than $50,000 but not more than $75,000;
(xiv) $250, if the value is more than $75,000 but not more than $100,000;
(xv) $300, if the value is more than $100,000 but not more than $150,000;
(xvi) $350, if the value is more than $150,000 but not more than $200,000;
(xvii) $400, if the value is more than $200,000 but not more than $300,000;
(xviii) $500, if the value is more than $300,000 but not more than $400,000;
(xix) $600, if the value is more than $400,000 but not more than $500,000;
(xx) $750, if the value is more than $500,000 but not more than $750,000; and
(xxi) $800, if the value is more than $750,000.
(3) In Baltimore City, the license fee is:
(i) $20, if the value of the applicant’s stock-in-trade is not more than $1,000;
(ii) $40, if the value is more than $1,000 but not more than $5,000;
(iii) $80, if the value is more than $5,000 but not more than $10,000;
(iv) $160, if the value is more than $10,000 but not more than $50,000;
(v) $375, if the value is more than $50,000 but not more than $100,000;
(vi) $1,000, if the value is more than $100,000 but not more than $300,000;
(vii) $1,500, if the value is more than $300,000 but not more than $750,000; and
(viii) $2,125, if the value is more than $750,000.
(4) In Baltimore County, the license fee is:
(i) $20, if the value of the applicant’s stock-in-trade is not more than $1,000;
(ii) $40, if the value is more than $1,000 but not more than $5,000;
(iii) $80, if the value is more than $5,000 but not more than $10,000;
(iv) $160, if the value is more than $10,000 but not more than $50,000;
(v) $375, if the value is more than $50,000 but not more than $100,000;
(vi) $450, if the value is more than $100,000 but not more than $200,000;
(vii) $500, if the value is more than $200,000 but not more than $300,000;
(viii) $775, if the value is more than $300,000 but not more than $400,000;
(ix) $1,000, if the value is more than $400,000 but not more than $500,000;
(x) $1,250, if the value is more than $500,000 but not more than $750,000; and
(xi) $1,600, if the value is more than $750,000.
(d) (1) This subsection does not apply to a domestic corporation that has shares subject to taxation under State law.
(2) In determining the value of an applicant’s stock-in-trade, the clerk shall accept as prima facie evidence the values shown on the certification of the State Department of Assessments and Taxation, or declaration of inventory from the applicant, as required by § 17-302 of this title.
(e) A license fee shall be waived for:
(1) a visually handicapped applicant who meets the standards of § 17-1804(b)(1) of this subtitle; and
(2) Blind Industries.