Article - Environment

Section 2-901 to be under the new subtitle "Subtitle 9. Tax Credits for

Employer-Provided Commuter Benefits"
Annotated Code of Maryland

(1996 Replacement Volume and 1998 Supplement)

BY adding to
Article - Tax - General
Section 8-220 and 10-712
Annotated Code of Maryland

(1997 Replacement Volume and 1998 Supplement)

BY adding to

Article - Insurance
Section 6-119

Annotated Code of Maryland

(1997 Volume and 1998 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article—Tax—General

Article - Environment

SUBTITLE 9. TAX CREDITS FOR EMPLOYER-PROVIDED COMMUTER BENEFITS.
10-712. 2-901.

(A) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(1) "BUSINESS ENTITY" MEANS:

(I) A PERSON CONDUCTING OR OPERATING A TRADE OR BUSINESS
IN MARYLAND; OR

(II) AN ORGANIZATION OPERATING IN MARYLAND THAT IS EXEMPT
FROM TAXATION UNDER § 501(C)(3) OR (4) OF THE INTERNAL REVENUE CODE.

(2) "INSTRUMENT" MEANS A PASS, TOKEN, FARE CARD, VOUCHER, OR
SIMILAR ITEM.

(B) A BUSINESS ENTITY MAY CLAIM A TAX CREDIT AGAINST THE STATE
INCOME TAX IN AN AMOUNT EQUAL TO 50% OF THE COST OF PROVIDING THE
FOLLOWING COMMUTER BENEFITS TO THE BUSINESS ENTITY'S EMPLOYEES:

(1) IF PROVIDED FOR THE PURPOSE OF TRAVEL BETWEEN THE
EMPLOYEE'S RESIDENCE AND PLACE OF EMPLOYMENT, ANY PORTION OF THE COST