Section 10-704.5 - For certified rehabilitation. - Maryland Statutes

§ 10-704.5. For certified rehabilitation.
 

(a)  Credit.- An individual or corporation may claim a credit against the State income tax for a certified rehabilitation as provided under § 5A-303 of the State Finance and Procurement Article. 

(b)  Refund of credit.- An individual or corporation that is not otherwise required to file an income tax return, including a corporation exempt from income tax under § 501(c)(3) of the Internal Revenue Code: 

(1) may file a return to claim a refund of the credit under this section; and 

(2) shall file a return if the individual or corporation is subject to the recapture of the credit under this section as provided under § 5A-303 of the State Finance and Procurement Article. 
 

[1996, ch. 601, § 1; 2001, chs. 160, 161; 2005, ch. 44, § 1; ch. 440, § 3.]