# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 24 — One Maryland Economic Development Tax Credits

#### Regulation .09 Claiming the Tax Credit.

*COMAR 24.05.24.09*

A. The same tax credit may not be claimed more than once against different taxes by the same taxpayer.

B. A tax credit may not be claimed against taxes resulting from the sale of the eligible economic development project without the written consent of the Secretary.

C. A tax credit may be claimed only once against a particular eligible economic development project.

D. An organization that is exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code may file an income tax return to claim a refund under Tax-General Article, §10-714, Annotated Code of Maryland.

E. An insurer may file for the credit on the insurance premiums tax return form.