Section 10-742 – Tax Credit for State Income Tax Paid by Qualified Business Entity During First Year to Eligible Apprentice Under More Jobs for Marylanders Program.
// EFFECTIVE UNTIL JUNE 30, 2025 PER CHAPTER 643 OF 2020 // (a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Maryland Department of Labor. (3) “Eligible apprentice” means an individual who: (i) is enrolled in an apprenticeship training program that: 1. is registered with the Maryland Apprenticeship and Training Council in accordance with […]
Section 10-744 – Independent Living Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Accessibility and universal visitability features” means components of renovation to an existing home that improves access to or within the home for individuals with disabilities. (3) “Department” means the Department of Housing and Community Development. (4) “Disability” has the meaning stated in § 7–101 of the Human […]
Section 10-745 – Food Donation Program for Qualifying Farms
(a) (1) In this section the following words have the meanings indicated. (2) “Certified organic produce” means an eligible food donation that is certified under Title 10, Subtitle 14 of the Agriculture Article as an organically produced commodity. (3) “Eligible food donation” means fresh farm products for human consumption. (4) “Qualified farm” means a farm business that is located in […]
Section 10-746 – Hunting and Harvesting of Antlerless Deer
(a) In this section, “qualified expenses” means: (1) expenses incurred to butcher and process an antlerless deer for human consumption; or (2) for a taxable year beginning after December 31, 2020, but before January 1, 2023, expenses incurred to: (i) hunt and harvest an antlerless deer in Montgomery County; and (ii) transport a deer carcass or processed deer meat to […]
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 […]