# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

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

#### Regulation .07 Carryover of Tax Credits.

*COMAR 24.05.19.07*

A. If the credit allowed pursuant to this chapter in any taxable year exceeds the total tax otherwise payable by the taxpayer for that taxable year, the taxpayer may apply the excess as a credit for succeeding taxable years until:

B. A tax credit may not be carried back to a preceding taxable year.