§ 10–734
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 10-734 (2026)
Title 10. Income Tax
Subtitle 7. Income Tax Credits
§ 10–734LinkCopy Citation
(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 vehicle in the State.
(c)
(1)
For any taxable year, the credit allowed under this section may not exceed the lesser of:
(i)
$400 for each qualified vehicle; or
(ii)
the State income tax for that taxable year.
(2)
The unused amount of the credit may not be carried over to any other taxable year.