Section 10-748 – Small Business Relief Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Department of Commerce. (3) “Qualified employee” means an individual who: (i) is employed by a small business; (ii) earns wages paid by the small business that are equal to or less than 250% of the annual federal poverty guidelines for a single–person household; and (iii) earns […]
Section 10-749 – Qualified Workforce Housing Project
(a) (1) In this section the following words have the meanings indicated. (2) “Qualified workforce housing project” has the meaning stated in § 4–2501 of the Housing and Community Development Article. (3) “Secretary” means the Secretary of Housing and Community Development. (b) An individual or a corporation may claim a credit against the State income tax in the amount determined […]
Section 10-732 – Security Clearance Administrative Expenses and Construction and Equipment Costs Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Costs” means the costs to an individual or corporation for: (i) security clearance administrative expenses incurred with regard to an employee in the State including, but not limited to: 1. processing application requests for clearances for employees in the State; 2. maintaining, upgrading, or installing computer systems in […]
Section 10-750 – Donation to a Qualified Permanent Endowment Fund at an Institution of Higher Education
// EFFECTIVE UNTIL DECEMBER 31, 2023 PER CHAPTER 544 OF 2019 // (a) (1) In this section the following words have the meanings indicated. (2) “Donation” means an irrevocable gift of cash. (3) “Institution of higher education” means Bowie State University, Coppin State University, Morgan State University, or University of Maryland Eastern Shore. (4) “Qualified permanent endowment fund” means a […]
Section 10-733 – Innovation Investment Incentive Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) (i) 1. “Company” means any entity of any form duly organized and existing under the laws of any jurisdiction for the purpose of conducting business for profit. 2. “Company” includes an entity that becomes duly organized and existing under the laws of any jurisdiction for the purpose of […]
Section 10-751 – Earned Income Credit Against State Income Tax for Qualified Children — Reductions
// EFFECTIVE UNTIL JUNE 30, 2023 PER CHAPTER 40 OF 2021 // (a) (1) In this section the following words have the meanings indicated. (2) “Qualified child” means a dependent of a taxpayer, if the dependent: (i) is a dependent for purposes of § 152 of the Internal Revenue Code; and (ii) 1. is under the age of 17 years; and […]
Section 10-733.1 – Purchase of Cybersecurity Technology and Cybersecurity Service
(a) (1) In this section the following words have the meanings indicated. (2) “Cybersecurity business” means an entity organized for profit that is engaged primarily in the development of innovative and proprietary cybersecurity technology or the provision of cybersecurity service. (3) “Cybersecurity service” means an activity that is associated with a category or subcategory identified under the Framework Core […]
Section 10-752 – Tax Credit for Physician Assistant Preceptor in a Preceptorship Program — Tax Credit Certificate — Physician Assistant Preceptorship Tax Credit Fund — Annual Reports
// EFFECTIVE UNTIL JUNE 30, 2026 PER CHAPTERS 153 AND 154 OF 2021 // (a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Maryland Department of Health. (3) “Health care practitioner” means an individual who: (i) is licensed to practice medicine under Title 14 of the Health Occupations Article; (ii) is a physician assistant, […]
Section 10-716 – For Child Care or Dependent Care
(a) (1) In this section the following words have the meanings indicated. (2) “Federal child and dependent care credit” means the child and dependent care credit properly claimed by an individual for the taxable year under § 21 of the Internal Revenue Code. (3) “Qualifying individual” means a qualifying individual within the meaning of § 21(b) of the Internal […]
Section 10-717 – For Certified Classroom Teacher or Teacher at State, Local, or Juvenile Correctional Facility
(a) An individual who is a classroom teacher or a teacher at a State or local correctional facility or a juvenile facility listed in § 9–226 of the Human Services Article and who holds a standard professional certificate or an advanced professional certificate may claim a credit against the State income tax for up to $1,500 […]