Md. Code Regs. 03.04.09.03

Current through Register Vol. 51, No. 12, June 14, 2024

Section 03.04.09.03 - Limitations

A. The credit in Regulation .02 of this chapter may not exceed the lesser of:

(1) $5,000; or

(2) $100 multiplied by the number of employees covered by long-term care insurance provided under the employee benefit package.

B. The credit in §A of this regulation and in Regulation .02 of this chapter is not allowed to any employer who claims a credit for the same expenses against the public service company franchise tax.

Md. Code Regs. 03.04.09.03

Regulation .03A amended effective 40:13 Md. R. 1073, eff.7/8/2013
Regulation .03B amended effective October 9, 2006 (33:20 Md. R. 1613)