Section 10-728 - Job creation and recovery tax credit. - Maryland Statutes

§ 10-728. Job creation and recovery tax credit.
 

(a)  In general.- An individual or a corporation may claim a State tax credit against the income tax as provided under Title 11, Subtitle 11 of the Labor and Employment Article. 

(b)  Application of credit.- An organization exempt from taxation under § 501(c) of the Internal Revenue Code may apply the credit under this subsection as a credit against State income tax due on unrelated business taxable income as provided under §§ 10-304 and 10-812 of this title. 
 

[2010, ch. 1.]