Md. Code Regs. 11.01.18.05

Current through Register Vol. 52, No. 1, January 10, 2025

Section 11.01.18.05 - Period of Validity

A. A claim for a refund may not be filed after 3 years from the date of the tax, and, if the commuter tax credit is more than the State tax liability, the unused credit may not be carried forward to any other year.

B. For any fiscal year, the total amount of the tax credit certificates issued by the Department for the credit allowed may not exceed $1,000,000.

C. For taxable years beginning after December 31, 2012, the income tax credit is available only on an electronically filed income tax return for the tax year in which the credit is being claimed.

Md. Code Regs. 11.01.18.05

Regulation .05 adopted effective 50:5 Md. R.173-204, eff. 3/20/2023