§ 6–404
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 6-404 (2026)
Title 6. Economic Development Tax Incentives
Subtitle 4. One Maryland Economic Development Tax Credit
§ 6–404LinkCopy Citation
A refund payable to a qualified business entity under § 6–403(e) of this subtitle reduces:
(1)
the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax – General Article;
(2)
the income tax revenue from individuals if the qualified business entity is:
(i)
an individual subject to the income tax under Title 10 of the Tax – General Article; or
(ii)
an organization exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; and
(3)
insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.