§ 5-637. Fees; exemption from excise and income taxes

Latest version.

(a) Filing and recording fees. -- The Department shall collect fees for filing and recording corporate documents as provided in § 1-203 of this article.

(b) Annual fees. -- On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $ 100 to the Department.

(c) Exemption from excise and income taxes. -- Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax.

HISTORY: 2002, ch. 135, § 3.

                    
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