# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 19 — Wineries and Vineyards Capital Expenses Tax Credit

#### Regulation .04 Maximum Annual Credits.

*COMAR 24.05.19.04*

A. The total amount of credits approved by the Department under Regulation .03C of this chapter may not exceed $500,000 for any calendar year.

B. If the total amount of credits applied for by all business entities under Regulation .03C of this chapter exceeds the maximum specified under §A of this regulation, the Department shall approve a credit under Regulation .03C of this chapter for each taxpayer in an amount equal to the product of multiplying the credit applied for by the taxpayer times a fraction:

  (1) The numerator of which is the maximum specified under §A of this regulation; and

  (2) The denominator of which is the total of all credits applied for by all business entities under Regulation .03C of this chapter in the calendar year.