2010 Maryland Code
TAX - GENERAL
TITLE 10 - INCOME TAX
Subtitle 7 - Income Tax Credits
Section 10-728 - Job creation and recovery tax credit.
§ 10-728. Job creation and recovery tax credit.
(a) In general.- An individual or a corporation may claim a State tax credit against the income tax as provided under Title 11, Subtitle 11 of the Labor and Employment Article.
(b) Application of credit.- An organization exempt from taxation under § 501(c) of the Internal Revenue Code may apply the credit under this subsection as a credit against State income tax due on unrelated business taxable income as provided under §§ 10-304 and 10-812 of this title.
[2010, ch. 1.]
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