Sales and Use Tax Notices
Timely discount
If you file your sales and use tax return and pay your sales tax on a timely basis, you are allowed to keep a portion of the sales tax as a discount. The allowable discount for timely filing and paying is 1.2 percent of the first $6,000 collected and 0.9 percent for the amount above $6,000.
If the amount on line 4 of your return is $6,000 or less, multiply that amount by .012 and enter the total on line 5. If the amount on line 4 is greater than $6,000, multiply that amount by .009, add $18 and enter the total on line 5. The discount may not be taken if the return and payment are submitted after the due date.
Use one of the following worksheets to compute your discount.
Worksheet A - If the amount on line 4 of your sales and use tax report is $6,000 or less.
| |
Amount from line 4 |
|
__________________ |
| |
|
|
X .012 |
| |
This is your discount |
|
__________________ |
Worksheet B - If the amount on line 4 of your sales and use tax report is greater
than $6,000.
| |
Amount from line 4 |
|
__________________ |
| |
|
|
X .009 |
| |
Subtotal |
|
__________________ |
|
Add $18.00 for additional .15
percent discount on first $6,000 |
|
____________+ 18.00 |
| |
This is your total discount |
|
__________________ |
Special note to ACH filers
If you file your return using the ACH Credit Option, your bank's software may not be computing the proper discount. Contact your bank to insure that the computation is correct.
For additional information:
Comptroller of Maryland
Revenue Administration Division
301 W. Preston St.
Baltimore, MD 21201-2383
Call Taxpayer Service at 410-767-1300 (Baltimore area) or 1-800-492-1751 (from elsewhere in Maryland) Monday - Friday, 8:00 a.m. - 5:00 p.m. EDT. E-mail: taxhelp@comp.state.md.us
For the deaf or hard-of-hearing:
TTY users call via Maryland Relay at 711 in Maryland or 1-800-735-2258 from anywhere TTY: 410-767-1967 (Baltimore metro area)
If you need a reasonable accommodation for a disability, please contact us before you visit.
