# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 06 — Security Clearance Administrative Expenses and Construction and Equipment Costs Tax Credit

#### Regulation .02 Calculation of Amount of Credit.

*COMAR 24.05.06.02*

A. For a taxable year beginning after December 31, 2012, but before January 1, 2017, a business entity may claim credits against the State income tax for:

  (1) Allowed security clearance administrative expenses, not to exceed $200,000;

  (2) Expenses incurred for rental payments owed during the first year of a rental agreement for spaces leased in the State for a small business that performs security-based contracting, not to exceed $200,000; and

  (3) Subject to §B of this regulation, approved construction and equipment costs incurred to construct or renovate a single SCIF in an amount equal to the lesser of 50 percent of the costs or $200,000.

B. The total amount of construction and equipment costs incurred to construct or renovate multiple SCIFs for which a business entity is eligible to claim as a credit against the State income tax is $500,000.