Skip to Main Content
<< Back | Return to Main COMAR Search Page

7 records match your request.

FileAbstract
15.20.09.00.htm 15.20.09.00. Title 15 MARYLAND DEPARTMENT OF AGRICULTURE Subtitle 20 SOIL AND WATER CONSERVATION Chapter 09 State Income Tax Credit for Additional Commercial Fertilizer Costs Authority: Tax-General Article, ยง10-704.9, Annotated Code of Maryland
15.20.09.01.htm 15.20.09.01. 01 Purpose.. This chapter establishes the eligibility requirements for a person operating an agricultural operation to claim a State income tax credit for additional commercial fertilizer costs due to the agricultural operation's conversion to a phosphorus based nutrient management plan.
15.20.09.02.htm 15.20.09.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Agricultural operation" means a business or activity that:. a) Tills, crops, keeps, pastures, or produces an agricultural product, including livestock, poultry, plants, trees, sod, food, feed, or fiber by in-ground, out-of-ground, container, or other culture;b) Has a gross annual income of $2,500 or more, or has eight or more animal units; and. c) Includes all land owne
15.20.09.03.htm 15.20.09.03. 03 Eligibility.. A. A person operating an agricultural operation that incurs additional commercial fertilizer costs due to conversion of nutrient use to meet the requirements of a phosphorus based nutrient management plan is eligible for a State income tax credit under this chapter, if:1) A nutrient management plan meeting the requirements of COMAR 15.20.08 has been submitted to the Department;2) The conversion of nutrient use is for the purpose of complying with the
15.20.09.04.htm 15.20.09.04. 04 Credit Allowances.. A. Allowable Credit. A person operating an agricultural operation who sustains additional, but necessary, commercial fertilizer costs converting to a phosphorus based nutrient management plan, may claim a State income tax credit in an amount equal to 50 percent of these additional costs.B. Amount Allowed Per Taxable Year.. 1) For any taxable year, the maximum credit a person may claim is $4,500.. 2) If the credit exceeds the person's liability fo
15.20.09.05.htm 15.20.09.05. 05 Requirements for Tax Credit Certification.. To claim a tax credit, a person operating an agricultural operation shall file a Certificate of Additional Fertilizer Expense for Income Tax Deduction. To obtain this certificate, a person shall submit the following to the Department:A. A signed Departmental form requesting a Certificate of Additional Fertilizer Expense for Income Tax Deduction;B. The nutrient recommendation summary page of the nutrient management plan;.
15.20.09.9999.htm 15.20.09.9999. Administrative History Effective date: September 2, 2002 (29:17 Md. R. 1382).
<< Back | Return to Main COMAR Search Page