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MARYLAND COMPTROLLER EXTENDS DEADLINES FOR BUSINESS TAXES

MARYLAND COMPTROLLER EXTENDS DEADLINES FOR BUSINESS TAXES

To provide immediate stimulus to Maryland businesses, the comptroller’s office announced that it will be extending the deadlines of certain business taxes and quarterly estimated income tax returns and payments until April 15.

The measure is similar to the one implemented in early 2020, when the comptroller delayed several business-related taxes due in the months of March, April and May.

Like the extension offered in 2020, this forbearance will apply to the following business taxes and fees administered by the comptroller:

  • Corporate and pass-through entity income tax filings and payments
  • Sales and use tax
  • Withholding tax
  • Admissions and amusement tax
  • Alcohol taxes
  • Tobacco tax
  • Motor fuel tax
  • Tire recycling fees
  • Bay restoration fees
  • Individual and fiduciary declaration of estimated income tax filings and payments

This will benefit businesses with Maryland taxes normally due during this time. Businesses will not have to apply for an extension to take advantage of this forbearance, nor will they owe any interest or penalties.

 

01/12/2021

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