<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".04" citation="COMAR 24.05.12.04" title_num="24" subtitle_num="05" chapter_num="12" heading="Calculation of Tax Credit.">
  <text>A taxpayer may claim a credit against the State income tax in an amount equal to 10 percent of the Maryland qualified research and development expenses paid or incurred by the taxpayer during the taxable year.</text>
</regulation>