Md. Code Regs. 24.05.12.01

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

Section 24.05.12.01 - Purpose

This chapter describes the:

A. Requirements for a taxpayer to receive a certificate allowing it to claim a credit against the State income tax for Maryland qualified cellulosic ethanol research and development expenses; and

B. Procedures that will be used by the Department of Business and Economic Development to:

(1) Receive, review, evaluate, and approve or disapprove applications for tax credits; and

(2) Issue tax credit certificates.

Md. Code Regs. 24.05.12.01