# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 03 — Biotechnology Investment Incentive Tax Credit

#### Regulation .03 Applications for Certificate of Eligibility for Tax Credit.

*COMAR 24.05.03.03*

A. Biotechnology Investment Incentive Tax Credit Application. To claim eligibility for a tax credit and to be initially certified as eligible for a tax credit, an applicant shall submit to the Department, not less than 30 days before making an investment in a qualified Maryland biotechnology company, an application on a form approved by the Department.

B. An applicant may not file an application earlier than June 1 of the State fiscal year immediately preceding the State fiscal year in which the applicant intends to make the investment and claim eligibility for a tax credit.

C. Each application shall include the following:

  (1) The legal name of the applicant;

  (2) The street address of the principal place of business of the applicant, or the street addresses of the principals of the applicant, and the applicant’s email address and telephone number;

  (3) Except in the case of an individual applicant, the business mailing address, telephone number, and email address of an individual with authority to act on behalf of the applicant;

  (4) The federal employer identification number of the applicant or, if the applicant is an individual, the Social Security number of the applicant; and

  (5) Any other information required or requested by the Department.