Md. Code Regs. 24.05.03.03

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.03.03 - Applications for Certificate of Eligibility for Tax Credit

A. Biotechnology Investment Incentive Tax Credit Application. To claim eligibility for a tax credit and to be initially certified as eligible for a tax credit, an applicant shall submit to the Department, not less than 30 days before making an investment in a qualified Maryland biotechnology company, an application on a form approved by the Department.

B. An applicant may not file an application earlier than June 1 of the State fiscal year immediately preceding the State fiscal year in which the applicant intends to make the investment and claim eligibility for a tax credit.

C. Each application shall include the following:

(1) The legal name of the applicant;

(2) The street address of the principal place of business of the applicant, or the street addresses of the principals of the applicant, and the applicant's email address and telephone number;

(3) Except in the case of an individual applicant, the business mailing address, telephone number, and email address of an individual with authority to act on behalf of the applicant;

(4) The federal employer identification number of the applicant or, if the applicant is an individual, the Social Security number of the applicant; and

(5) Any other information required or requested by the Department.

Md. Code Regs. 24.05.03.03

Regulations .03 adopted effective September 17, 2012 (39:18 Md. R. 1197)