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§ 10-715. Commuter benefits tax credit

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2016

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 7. Income Tax Credits (Refs & Annos)
Effective: July 1, 2016
MD Code, Tax - General, § 10-715
§ 10-715. Commuter benefits tax credit
Currentness
Credit allowed
(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.
Organization exempt from taxation
(b) An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may apply the credit under this section as a credit for the payment to the Comptroller of taxes that the organization:
(1) is required to withhold from the wages of employees under § 10-908 of this title; and
(2) is required to pay to the Comptroller under § 10-906(a) of this title.

Credits

Added by Acts 1999, c. 559, § 1, eff. July 1, 1999; Acts 1999, c. 560, § 1, eff. July 1, 1999. Amended by Acts 2000, c. 356, § 1, eff. July 1, 2000; Acts 2000, c. 357, § 1, eff. July 1, 2000; Acts 2016, c. 289, § 1, eff. July 1, 2016.
MD Code, Tax - General, § 10-715, MD TAX GENERAL § 10-715
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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