(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 […]
(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 […]
(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 […]
(a) (1) In this section the following words have the meanings indicated. (2) “Administration” means the Maryland Energy Administration. (3) (i) Except as provided in subparagraphs (ii) and (iii) of this paragraph, “qualified energy resources” has the meaning stated in § 45(c)(1) of the Internal Revenue Code. (ii) “Qualified energy resources” includes any nonhazardous waste material that is segregated from other […]
(a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Department of Commerce. (3) “Maryland base amount” means the base amount as defined in § 41(c) of the Internal Revenue Code that is attributable to Maryland, determined by: (i) substituting “Maryland qualified research and development expense” for “qualified research expense”; (ii) substituting “Maryland qualified research […]
(a) (1) In this section the following words have the meanings indicated. (2) “Administration” means the Maryland Energy Administration. (3) (i) “Allowable costs” means amounts properly chargeable to capital account, other than for land, that are paid or incurred on or after July 1, 2001, for: 1. construction or rehabilitation; 2. commissioning costs; 3. interest paid or incurred during the construction or rehabilitation […]
(a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Department of Natural Resources. (3) “Member” means: (i) a shareholder of an S corporation; (ii) a general or limited partner of a partnership, a limited partnership, or a limited liability partnership; (iii) a member of a limited liability company; or (iv) a beneficiary of a business trust […]
(a) In this section, “aquaculture oyster float” means a device that is: (1) purchased new; (2) specifically designed for the purpose of growing oysters at or under an individual homeowner’s pier; and (3) constructed to be fully buoyant and facilitate the growth of oysters for the width of the pier. (b) Subject to the limitations of this section, an individual […]
// EFFECTIVE UNTIL JUNE 30, 2023 PER CHAPTERS 603 AND 604 OF 2018 // (a) (1) Subject to the limitations of this section, an individual or a corporation may claim a credit against the State income tax in an amount equal to $5 for each bushel of oyster shells recycled during the taxable year. (2) An individual or […]
(a) (1) In this section the following words have the meanings indicated. (2) “Biotechnology company” means a company organized for profit that is primarily engaged in, or within 2 months will be primarily engaged in, the research, development, or commercialization of innovative and proprietary technology that comprises, interacts with, or analyzes biological material including biomolecules (DNA, RNA, or […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(a) In this section, “qualified vehicle” means a Class F (tractor) vehicle described under § 13–923 of the Transportation Article that is titled and registered in the State. (b) Subject to the limitations of this section, an individual or a corporation may claim a credit against the State income tax for the expense of registering a qualified […]
(a) (1) In this section the following words have the meanings indicated. (2) “Administration” means the Motor Vehicle Administration. (3) “Qualified vehicle” means a Class F (tractor) vehicle described under § 13–923 of the Transportation Article that is titled and registered in the State. (b) Subject to the limitations of this section, an individual or a corporation that obtains a […]
(a) (1) In this section the following words have the meanings indicated. (2) “Department” means the Department of Housing and Community Development. (3) “Donation” means an irrevocable gift worth $500 or more of: (i) cash; or (ii) publicly traded securities. (4) “Eligible community foundation” means an organization that: (i) is exempt from taxation under § 501(c)(3) of the Internal Revenue Code; (ii) is commonly […]
// 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) “Licensed physician” means an individual who is licensed to practice medicine under Title 14 of the Health Occupations Article. (4) “Preceptorship program” means an organized […]
// 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) “Licensed physician” means an individual who is licensed to practice medicine under Title 14 of the Health Occupations Article. (4) “Nurse practitioner” has the meaning […]
