11.15.36.04

.04 Issuance of a Tax Credit Certificate.

A. In accordance with the Tax-General Article, §10-734.1, Annotated Code of Maryland, the Administration shall issue a Tax Credit Certificate.

B. The Administration may not issue a Tax Credit Certificate, for any taxable year, if:

(1) The required documents are not furnished or the information is incomplete; or

(2) The aggregate amount of Tax Credit Certificates exceeds the amount as set forth under Tax-General Article, §10-734.1(c)(2), Annotated Code of Maryland.