Maryland Code, BUSINESS REGULATION 17-302
Terms Used In Maryland Code, BUSINESS REGULATION 17-302
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Personal property: All property that is not real property.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(i) an application that the clerk provides; and
(ii) payment of the appropriate license fee required by this title.
(2) If an applicant is applying for a new trader’s license in a county or municipality that has not selected a uniform license fee under § 17-1806 of this title, the applicant shall submit to the clerk a certification by the State Department of Assessments and Taxation, or other certification acceptable to the clerk, of the value of the stock-in-trade reported as inventory on the Business Personal Property Tax Return in each county where the business is located for the appropriate valuation year.
(b) (1) Subject to paragraph (2) of this subsection and except as otherwise provided in this title, a licensee applying for renewal of a license shall submit to the clerk, electronically or otherwise:
(i) a certification by the county treasurer under subsection (c) of this section that there are no unpaid taxes due to the State or county on the fixtures or stock-in-trade; and
(ii) payment of the appropriate license fee required by this title.
(2) If a licensee is applying to renew a trader’s license under this title, the licensee shall submit to the clerk a certification by the State Department of Assessments and Taxation, or other certification acceptable to the clerk, of the value of the fixtures and stock-in-trade reported as inventory on the Business Personal Property Tax Return in each county where the business is located for the applicant’s business for the appropriate valuation year.
(c) (1) In this subsection, “county treasurer” includes the Director of Finance or other chief fiscal officer of a county that does not have a county treasurer.
(2) This subsection does not apply to a domestic corporation that has shares subject to taxation under State law.
(3) Except as otherwise provided in this title, a licensee applying for renewal of a license shall submit to the clerk, electronically or otherwise:
(i) a certification by the county treasurer of that county, if applicable, that there are no unpaid taxes due to the county on the fixtures or stock-in-trade;
(ii) a certification by the municipal corporation, if any, where the business is located that there are no unpaid taxes due to the municipal corporation on the fixtures or stock-in-trade; and
(iii) a certification by the Comptroller that there are no unpaid taxes due to the State.
(d) In this section, the valuation year:
(1) in Washington County, is the fiscal year that includes May 1 of the calendar year when the license is issued; or
(2) in each other county, is the second preceding calendar year before the year for which the license is sought.
(e) (1) This subsection applies only in Calvert County.
(2) The clerk may not issue a license under this title for the first time to a business that will be located in Calvert County unless the applicant submits to the clerk a certification that the location of the business for which the license is sought is zoned for the type of business for which the applicant is seeking a license.
(3) The certification must be issued from:
(i) the Calvert County Department of Planning and Zoning; or
(ii) the appropriate municipal corporation, if the location of the proposed business is within the boundaries of a municipal corporation.
(f) Each application for a license shall contain any information required by the Comptroller in regulation.