2013 Maryland Code
TAX - GENERAL
§ 10-733 - Qualified vehicles. [Effective September 1, 2013].
(a) "Qualified vehicle" defined. -- In this section, "qualified vehicle" means a Class F (tractor) vehicle described under § 13-923 of the Transportation Article that is titled and registered in the State.
(b) In general. -- Subject to the limitations of this section, an individual or a corporation may claim a credit against the State income tax for the expense of registering a qualified vehicle in the State.
(c) Amount of credit. --
(1) For any taxable year, the credit allowed under this section may not exceed the lesser of:
(i) $ 400 for each qualified vehicle; or
(ii) the State income tax for that taxable year.
(2) The unused amount of the credit may not be carried over to any other taxable year.
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