Md. R. 44:20 17-238-P17-238/EEMERGENCY ACTION EFFECTIVE 9/8/2017—1/3/2018

15.01.12.03

.03 Income Tax Credit Limitations.

A. Subject to the limitations of this chapter, a qualified farm may claim a credit against State income tax for an eligible food donation in the amount stated on any tax credit certificate issued to a qualified farm by a qualified tax credit certificate administrator.

B. The amount of tax credit claimed by a qualified farm is controlled by Tax-General Article, §10-741, Annotated Code of Maryland.

C. The amount of the tax credit may only be claimed by a qualified farm beginning after December 31, 2016, but before January 1, 2020.

D. Unless increased by the Secretary, the aggregate amount of credits for any taxable year for a qualified farm may not exceed $5,000.

E. A TCCA may not issue a tax credit certificate after December 31, 2019.