Section 10-701 – Income Tax Withholdings and Estimated Tax Payments Made
An individual may claim a credit against the income tax for a taxable year for income tax withheld and estimated tax payments made for the year under Subtitle 9 of this title.
Section 10-701.1 – For Tax Paid Under 10-102.1 of This Title
A member of a pass–through entity may claim a credit against the income tax for a taxable year in the amount of tax paid by a pass–through entity under § 10–102.1 of this title that is attributable to the member’s share of the pass–through entity’s taxable income, as defined in § 10–102.1(a)(8) of this title.
Section 10-702 – For Wages Paid in Enterprise Zone
(a) (1) In this section the following words have the meanings indicated. (2) (i) “Business entity” means: 1. a person conducting or operating a trade or business; or 2. an organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code. (ii) “Business entity” does not include a person owning, operating, developing, constructing, or rehabilitating property intended […]
Section 10-703 – For Tax Paid by Resident to Another State
(a) In this section, “member” and “pass–through entity” have the meanings stated in § 10–102.1 of this title. (b) Except as provided in subsection (c) of this section, a resident may claim a credit against the income tax for a taxable year in the amount determined under subsection (d) of this section for State tax on income […]
Section 10-703.2 – Gains From Installment Sale of Property in Another State
(a) In this section, “installment sale” has the meaning stated in § 453(b) of the Internal Revenue Code. (b) A credit against the State income tax in the amount determined under subsection (c) of this section may be claimed by a resident who recognizes income for the current taxable year for federal income tax purposes from an […]
Section 10-704 – For Earned Income
(a) (1) A resident may claim a credit against the State income tax for a taxable year in the amount determined under subsection (b) of this section for earned income. (2) A resident may claim a credit against the county income tax for a taxable year in the amount determined under subsection (c) of this section for earned […]
Section 10-704.1 – For Purchase of Maryland-Mined Coal
(a) (1) In this section the following words have the meanings indicated. (2) “Cogenerator” means a qualifying cogenerator or qualifying small power producer as determined by the Federal Energy Regulatory Commission under the Public Utility Regulatory Policies Act of 1978. (3) “Electricity supplier” has the meaning stated in § 1–101 of the Public Utilities Article. (b) This section does not […]
Section 10-704.4 – Credit for Wages Paid Pursuant to Title 6, Subtitle 3 of the Economic Development Article
An individual or a corporation may claim a credit against the income tax for wages paid to qualified employees as provided under Title 6, Subtitle 3 of the Economic Development Article.
Section 10-704.5 – For Certified Rehabilitation
(a) An individual or corporation may claim a credit against the State income tax for a certified rehabilitation as provided under § 5A-303 of the State Finance and Procurement Article. (b) An individual or corporation that is not otherwise required to file an income tax return, including a corporation exempt from income tax under § 501(c)(3) of […]
Section 10-704.6 – For Neighborhood and Community Assistance
An individual or a corporation may claim a credit against the State income tax for neighborhood and community assistance contributions as provided under § 6-404 of the Housing and Community Development Article.