Chapter 15. Electronic Filing Requirements for Business Tax Credits
Regulation .01 Definition.LinkCopy Citation
A.
In this chapter, the following term has the meaning indicated.
B.
Term Defined. “Business tax credit” means:
(1)
Aerospace, Electronics, or Defense Contract Tax Credit;
(2)
Apprentice Employee Tax Credit;
(3)
Biotechnology Investment Incentive Tax Credit;
(4)
Businesses That Create New Jobs Tax Credit;
(5)
Clean Energy Incentive Tax Credit;
(6)
Community Investment Tax Credit;
(7)
Commuter Tax Credit;
(8)
Cybersecurity Incentive Tax Credit;
(9)
Electric Vehicle Recharging Equipment Tax Credit;
(10)
Employer-Provided Long-Term Care Insurance Tax Credit;
(11)
Employment Opportunity Tax Credit;
(12)
Endow Maryland Tax Credit;
(13)
Endowments for Historically Black Colleges and Universities Tax Credit;
(14)
Enterprise Zone Tax Credit;
(15)
Film Production Activity Tax Credit;
(16)
Green Building Tax Credit;
(17)
Health Enterprise Zone Hiring Credit;
(18)
Heritage Structure Rehabilitation Tax Credit;
(19)
Job Creation Tax Credit;
(20)
Maryland Disability Employment Tax Credit;
(21)
Maryland Employer Security Clearance Costs Tax Credit;
(22)
Maryland-Mined Coal Tax Credit;
(23)
One Maryland Economic Development Tax Credit;
(24)
Oyster Shell Recycling Tax Credit;
(25)
Qualified Vehicle Tax Credit;
(26)
Research and Development Tax Credit; and
(27)
Wineries and Vineyards Tax Credit.
Regulation .02 Electronic Filing Requirements.LinkCopy Citation
A.
Any taxpayer claiming a business tax credit, an excess carryover of a business tax credit, or a recapture of a business tax credit shall claim the credit on an electronically filed original or amended Maryland income tax return.
B.
Any taxpayer claiming any business tax credit requiring certification, any excess carryover of a business tax credit requiring certification, or any recapture of a business tax credit requiring certification shall electronically file the required certification and any required attachments for the credit as a binary attachment with the electronically filed original or amended Maryland income tax return.
Regulation .03 Exceptions.LinkCopy Citation
A.
An organization exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code claiming a credit against the payment to the Comptroller of taxes that the organization is required to withhold from the wages of employees is exempt from the electronic filing requirements under this chapter.
B.
A taxpayer claiming a business tax credit against fiduciary income tax is exempt from the electronic filing requirements under this chapter.
C.
An individual claiming the Sustainable Communities Tax Credit is exempt from the electronic filing requirements under this chapter.
Chapter annotations
Authority: Tax-General Article, §§2-103 and 10-804, Annotated Code of Maryland
History: Effective date: January 20, 2014 (41:1 Md. R. 12)
History: Regulation .01B amended effective May 2, 2022 (49:9 Md. R. 529)