PARRIS N. GLENDENING, Governor

Ch. 113

THAT DESCRIBED EX SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE AMOUNT OF THE
CREDIT SHALL BE REDUCED BY THE PROPORTION OF A YEAR THAT THE EMPLOYEE
DID NOT WORK.

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

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

(2) THE EXPIRATION OF THE 5TH TAXABLE YEAR AFTER THE TAXABLE
YEAR IN WHICH THE WAGES OR QUALIFIED CHILD CARE OR TRANSPORTATION
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 THE TAX - GENERAL
ARTICLE

(H) (1) SUBJECT TO THE PROVISIONS OF THIS SUBSECTION, THE STATE
DEPARTMENT OF EDUCATION SHALL ADOPT REGULATIONS NECESSARY TO CARRY
OUT THE PROVISIONS OF THIS SECTION.

(2) THE COMPTROLLER SHALL ADOPT REGULATIONS TO PROVIDE FOR
THE COMPUTATION AND CARRYOVER OF THE CREDIT UNDER § 10-704.7 OF THE TAX
- GENERAL ARTICLE

(3) THE DEPARTMENT OF ASSESSMENTS AND TAXATION SHALL ADOPT
REGULATIONS TO PROVIDE FOR THE COMPUTATION AND CARRYOVER OF THE
CREDIT UNDER §§ 8-216 AND 8-413 OF THE TAX - GENERAL ARTICLE

(4) THE MARYLAND INSURANCE COMMISSIONER SHALL ADOPT
REGULATIONS TO PROVIDE FOR THE COMPUTATION AND CARRYOVER OF THE
CREDIT UNDER § 6-115 OF THE INSURANCE ARTICLE

Article - Insurance

6-115.

AN INSURER MAY CLAIM A CREDIT AGAINST THE PREMIUM TAX PAYABLE
UNDER THIS SUBTITLE FOR:

(1) WAGES PAID TO A QUALIFIED EMPLOYEE WITH A DISABILITY AND

FOR; AND

(2) (I) CHILD CARE PROVIDED OR PAID FOR BY THE INSURER FOR
THE CHILDREN OF A QUALIFIED EMPLOYEE WITH A DISABILITY AS PROVIDED
UNDER § 21-309 OF THE EDUCATION ARTICLE; OR

(II) TRANSPORTATION PROVIDED OR PAID FOR BY THE INSURER
FOR A QUALIFIED EMPLOYEE WITH A DISABILITY AS PROVIDED UNDER § 21-309 OF
THE EDUCATION ARTICLE

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