Section 10-726 – Cellulosic Ethanol Technology
(a) (1) In this section the following words have the meanings indicated. (2) “Cellulosic ethanol technology” means technology that is used to develop cellulosic biomass for conversion to ethanol fuel. (3) “Department” means the Department of Commerce. (4) “Qualified research and development expenses” means expenses paid or incurred for cellulosic ethanol technology research and development that is conducted in the […]
Section 10-709 – Low Income Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Applicable poverty income level” means the amount specified in the poverty income standard that corresponds to the number of exemptions which the individual is allowed and claims under § 10–211(b)(1) of this title. (3) “Eligible low income taxpayer” means an individual, or an individual and the […]
Section 10-730 – Film Production Activity Tax Credit
(a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Department of Commerce. (3) (i) “Film production activity” means: 1. the production of a film or video project that is intended for nationwide commercial distribution; and 2. for a television series, each season of the television series. (ii) “Film production activity” includes the production of: 1. a feature […]
Section 10-710 – For Long-Term Care Insurance
(a) In this section, “long-term care insurance” has the meaning stated in § 18-101 of the Insurance Article. (b) (1) Subject to the limitation under paragraph (2) of this subsection, an employer may claim a tax credit in an amount equal to 5% of the costs incurred by the employer during the taxable year to provide long-term care […]
Section 10-714 – One Maryland Economic Development Tax Credits
An individual or corporation may claim a credit against the State income tax for One Maryland project costs and start–up costs as provided under Title 6, Subtitle 4 of the Economic Development Article.
Section 10-715 – For Providing Employee Commuter Benefits
(a) An individual or corporation may claim a credit against the State income tax for the cost of providing commuter benefits to the business entity’s employees as provided under § 2-901 of the Environment Article. (b) An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may apply the credit […]
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 […]
Section 10-718 – Eligible Long-Term Care Premiums
(a) In this section, “eligible long–term care premiums” means eligible long–term care premiums within the meaning of § 213(d)(10) of the Internal Revenue Code for a long–term care insurance contract covering an individual who is a Maryland resident. (b) An individual may claim a credit against the State income tax in an amount equal to 100% of […]
Section 10-719 – Costs of Energy Storage Systems
(a) (1) In this section the following words have the meanings indicated. (2) “Administration” means the Maryland Energy Administration. (3) “Energy storage system” means a system used to store electrical energy, or mechanical, chemical, or thermal energy that was once electrical energy, for use as electrical energy at a later date or in a process that offsets electricity use […]