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§ 10-704.5. Certified rehabilitation tax credit

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 7. Income Tax Credits (Refs & Annos)
MD Code, Tax - General, § 10-704.5
§ 10-704.5. Certified rehabilitation tax credit
Currentness
In general
(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.
Credit allowed for individual or corporation exempt from income tax
(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 the Internal Revenue Code:
(1) may file a return to claim a refund of the credit under this section; and
(2) shall file a return if the individual or corporation is subject to the recapture of the credit under this section as provided under § 5A-303 of the State Finance and Procurement Article.

Credits

Added by Acts 1996, c. 601, § 1, eff. Oct. 1, 1996. Amended by Acts 2001, c. 160, § 1, eff. July 1, 2001; Acts 2001, c. 161, § 1, eff. July 1, 2001; Acts 2005, c. 44, § 1, eff. Oct. 1, 2005; Acts 2005, c. 440, § 3, eff. Oct. 1, 2005.
MD Code, Tax - General, § 10-704.5, MD TAX GENERAL § 10-704.5
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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