# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 20 — Job Creation Tax Credit

#### Regulation .09 Carryover of Tax Credit.

*COMAR 24.05.20.09*

A. A business entity may carry over the tax credit to a successive tax year if the tax credit allowed exceeds the total tax otherwise due from the entity.

B. The tax credit may only be carried over until the earlier of the:

  (1) Full amount of the excess is used; or

  (2) Expiration of the fifth taxable year from the credit year.

C. The tax credit may not be carried back to a preceding taxable year.