Maryland Appellate Court: Captive Insurer Is Not Subject To State’s Corporate Income Tax

Mealey's (September 28, 2022, 8:48 AM EDT) -- ANNAPOLIS, Md. — Upholding a decision that lifted a $23.8 million tax bill, a Maryland Court of Special Appeals panel issued an unreported opinion ruling that a captive insurer is not subject to Maryland corporate income tax....