<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 03.04.09.03" title_num="03" subtitle_num="04" chapter_num="09" heading="Limitations.">
  <paragraph num="A.">
    <text>The credit in Regulation .02 of this chapter may not exceed the lesser of:</text>
    <paragraph num="(1)">
      <text>$5,000; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>$100 multiplied by the number of employees covered by long-term-care insurance provided under the employee benefit package.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>The credit in §A of this regulation and in Regulation .02 of this chapter is not allowed to any employer who claims a credit for the same expenses against the public service company franchise tax.</text>
  </paragraph>
</regulation>