§ 6-106. Declaration of estimated tax

   (a) Required. -- Each person subject to taxation under this subtitle shall make a declaration of its estimated tax if the person's total tax for the current taxable year reasonably is expected to exceed $ 1,000.

(b) Filing and payment of estimated tax. -- A person required to make a declaration of estimated tax shall:

   (1) file with the Commissioner:

      (i) an initial declaration of estimated tax on or before April 15 of the taxable year; and

      (ii) a quarterly estimated tax report on or before June 15, September 15, and December 15 after filing the initial declaration; and

   (2) pay to the Commissioner at least 25% of the tax estimated for the full taxable year with the initial declaration for that year and with each quarterly report for that year.

HISTORY: An. Code 1957, art. 48A, § 635; 1995, ch. 36; ch. 352, § 10.