§ 10-748. Small business tax credit for paid sick and safe leave
West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2018
Effective: July 1, 2018
MD Code, Tax - General, § 10-748
§ 10-748. Small business tax credit for paid sick and safe leave
(b) A small business that employs a qualified employee may claim a credit against the State income tax in the amount stated on the tax credit certificate issued under subsection (d) of this section.
(c)(1) For each taxable year, the credit allowed under this section may not exceed the lesser of:
(d)(1) Subject to the limitations of this subsection, on application by a small business, the Department shall issue a tax credit certificate in the amount allowable under subsection (c) of this section.
(e) On or before January 31 each taxable year, the Department shall report to the Comptroller on the tax credit certificates issued under this section during the prior taxable year.
Credits
Added by Acts 2018, c. 571, § 1, eff. July 1, 2018.
MD Code, Tax - General, § 10-748, MD TAX GENERAL § 10-748
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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