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13a.11.02.00.htm 13A.11.02.00. Title 13A STATE BOARD OF EDUCATION Subtitle 11 PROGRAMS FOR ADULTS WITH DISABILITIES Chapter 02 Maryland Disability Employment Tax Credit Authority: Education Article, §21-309, Annotated Code of Maryland
13a.11.02.01.htm 13A.11.02.01. 01 Scope.. These regulations implement Education Article, §21-309, Annotated Code of Maryland, which establishes a tax credit for businesses which employ individuals with disabilities.
13a.11.02.02.htm 13A.11.02.02. 02 Definitions.. A. In this chapter, the following words have the meanings indicated.. B. Terms Defined.. 1) "Business entity" means:. a) A person conducting or operating a trade or business in Maryland; or. b) An organization operating in Maryland that is exempt from taxation under §501(c)3) or (4) of the Internal Revenue Code.2) "Deemed agency" means a public organization with whom the Division and the Department of Labor, Licensing, and Regulation have developed a memorand
13a.11.02.03.htm 13A.11.02.03. 03 Certification Procedure.. A. Issuance of Vouchers―Potential Eligibility for Tax Credit.. 1) Individuals who are served by the Division, the Department of Veterans Affairs, or deemed agencies shall apply to those agencies for a tax credit voucher. The Division, the Department of Veterans Affairs, or the deemed agency shall issue a voucher to individuals meeting the definition of qualified employee with a disability under Regulation .02B of this chapter.2) Individuals not served
13a.11.02.04.htm 13A.11.02.04. 04 Amount of Credit.. A. Wages.. 1) For individuals hired before July 1, 2000, for the first and second years of employment of a qualified employee with a disability, the credit is 20 percent of up to the first $6,000 of wages paid to that employee.2) For individuals hired on or after July 1, 2000, the credit is 30 percent of up to the first $6,000 of wages paid to the qualified employee with a disability for the first year of employment. For the second year of employme
13a.11.02.05.htm 13A.11.02.05. 05 Calculation and Carryover of Credit.. The calculation and carryover of the credit is governed by regulations promulgated by the Comptroller, the Department of Assessments and Taxation, and the Insurance Commissioner.
13a.11.02.06.htm 13A.11.02.06. 06 Limitations on Claim of Credit by Employers.. A. The Maryland disability employment tax credit shall be applicable to all taxable years beginning after December 31, 1996.B. An employer may claim the credit only for employees hired on or after October 1, 1997.. C. A business entity may not claim the credit for an employee:. 1) Who is hired to replace a laid-off employee or to replace an employee who is on strike; or. 2) For whom the business entity simultaneously rec
13a.11.02.9999.htm 13A.11.02.9999. Administrative History Effective date: February 23, 1998 (25:4 Md. R. 244). Regulation .02 amended effective October 1, 2001 (28:19 Md. R. 1687). Regulation .03 amended effective October 1, 2001 (28:19 Md. R. 1687). Regulation .03A, C amended effective August 7, 2000 (27:15 Md. R. 1402). Regulation .04 amended effective October 1, 2001 (28:19 Md. R. 1687). Regulation .06 amended effective October 1, 2001 (28:19 Md. R. 1687) January 21, 2013 (40:1 Md. R. 2Regulation .06A, B amende
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