Md. Code Regs. 24.05.03.12

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

Section 24.05.03.12 - Monitoring Continued Eligibility

A. At any time before the expiration 4 years after the close of the taxable year for which a tax credit is certified under this chapter, the Department may require an applicant or holder of a certificate to produce and deliver to the Department for inspection any information specified in a written directive from the Department, for the purpose of determining the initial or continuing eligibility of the holder or applicant for tax credits.

B. At any time before the expiration of 4 years after the close of any taxable year for which a tax credit is approved with respect to an investment in a qualified Maryland biotechnology company, the Department may require the biotechnology company to produce and deliver to the Department for inspection any information for the purpose of determining the company's initial or continuing eligibility for certification as a qualified Maryland biotechnology company.

Md. Code Regs. 24.05.03.12

Regulations .12 adopted effective September 17, 2012 (39:18 Md. R. 1197)