2010 Maryland Code
TAX - GENERAL
TITLE 10 - INCOME TAX
Subtitle 7 - Income Tax Credits
Section 10-715 - For providing employee commuter benefits.
§ 10-715. For providing employee commuter benefits.
(a) In general.- An individual or corporation may claim a credit against the State income tax for the cost of providing commuter benefits to the business entity's employees as provided under § 2-901 of the Environment Article.
(b) Application of credit.- An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may apply the credit under this section as a credit for the payment to the Comptroller of taxes that the organization:
(1) is required to withhold from the wages of employees under § 10-908 of this title; and
(2) is required to pay to the Comptroller under § 10-906(a) of this title.
[1999, chs. 559, 560; 2000, chs. 356, 357.]
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
