H.B. 1154                                                VETOES

(F) IF THE CREDIT ALLOWED UNDER THIS SECTION IN ANY TAXABLE YEAR
EXCEEDS THE STATE INCOME TAX TOTAL TAX OTHERWISE PAYABLE BY THE BUSINESS
ENTITY FOR THAT TAXABLE YEAR, A BUSINESS ENTITY MAY APPLY THE EXCESS AS A
CREDIT AGAINST THE STATE INCOME TAX FOR SUCCEEDING TAXABLE YEARS
UNTIL THE EARLIER OF:

(1)     THE FULL AMOUNT OF THE EXCESS IS USED; OR

(2)     THE EXPIRATION OF THE FIFTH TAXABLE YEAR AFTER THE
TAXABLE YEAR IN WHICH THE WAGES OR QUALIFIED CHILD CARE EXPENSES FOR
WHICH THE CREDIT IS CLAIMED ARE PAID.

(G) IF A CREDIT IS CLAIMED UNDER THIS SECTION, THE CLAIMANT MUST
MAKE THE ADDITION REQUIRED IN § 10-205 OR § 10-306 OF THIS TITLE THE TAX -
GENERAL ARTICLE.

(H) THE COMPTROLLER IN COOPERATION WITH THE DEPARTMENT OF LABOR,
LICENSING AND REGULATION AND THE DEPARTMENT OF HUMAN RESOURCES SHALL
ADMINISTER THE CREDIT UNDER THIS SECTION.

10-704.2.

SECTION 7. AND BE IT FURTHER ENACTED, That the Laws of Maryland read
as follows:

Article - Tax - General

10-704.3.                                                                                                           .

(A) (1) EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, AN
INDIVIDUAL OR A CORPORATION MAY CLAIM A CREDIT AGAINST THE STATE
INCOME TAX FOR A TAXABLE YEAR IN THE AMOUNT EQUAL TO:

(I) (1) 50% EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, 40% OF THE DEDUCTION ALLOWED TO THE INDIVIDUAL OR
CORPORATION FOR THE COST OF QUALIFYING CLEAN-FUEL VEHICLE PROPERTY AS
DEFINED AND LIMITED BY § 179A OF THE INTERNAL REVENUE CODE AND PLACED IN
SERVICE DURING THE TAXABLE YEAR; AND

(2) 80% OF THE DEDUCTION ALLOWED TO THE INDIVIDUAL OR
CORPORATION FOR THE COST OF ANY TRUCK OR VAN WITH A GROSS VEHICLE WEIGHT
OF MORE THAN 5,000 BUT LESS THAN 10,000 POUNDS THAT IS QUALIFYING CLEAN-FUEL
VEHICLE PROPERTY UNDER § 179A OF THE INTERNAL REVENUE CODE AND IS PLACED IN
SERVICE DURING THE TAXABLE YEAR; AND

(II) (3) 50% 40% OF THE CREDIT ALLOWED FOR A QUALIFIED
ELECTRIC VEHICLE, AS DEFINED AND LIMITED BY § 30 OF THE INTERNAL REVENUE
CODE, PLACED IN SERVICE DURING THE TAXABLE YEAR.

(2) FOR PURPOSES OF CALCULATING THE AMOUNT OF CREDIT
ALLOWABLE UNDER PARAGRAPH (1)(I) ABOVE. ANY TRUCK OR VAN WITH A GROSS
VEHICLE WEIGHT OF MORE THAN 5,000 BUT LESS THAN 10,000 POUNDS THAT

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