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 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