INDUSTRY CERTIFICATE PROGRAM FOR 1 YEAR FOR EACH YEAR THAT A CREDIT
UNDER THIS SUBSECTION WAS ALLOWED WITH RESPECT TO THE APPROVED
PROGRAM OR APPROVED INDUSTRY CERTIFICATE PROGRAM.

(II) IF THE INDIVIDUAL ENROLLED IN THE APPROVED PROGRAM
OR APPROVED INDUSTRY CERTIFICATE PROGRAM WITH RESPECT TO WHICH A
CREDIT UNDER THIS SUBSECTION IS ALLOWED FAILS TO SATISFY THE SERVICE
OBLIGATION DESCRIBED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE
CREDIT ALLOWED UNDER THIS SUBSECTION SHALL BE RECAPTURED FOR EACH
YEAR AS TO WHICH THE SERVICE OBLIGATION IS NOT SATISFIED, UNDER
REGULATIONS THAT THE COMPTROLLER ADOPTS.

(C) (1) SUBJECT TO THE LIMITATION UNDER PARAGRAPH (2) OF THIS
SUBSECTION, AN EMPLOYER MAY CLAIM A CREDIT AGAINST THE STATE INCOME TAX
IN AN AMOUNT EQUAL TO 30% OF THE AMOUNT PAID BY THE EMPLOYER DURING
THE TAXABLE YEAR FOR QUALIFIED TUITION AND RELATED EXPENSES FOR THE
EMPLOYER'S EMPLOYEES IN THE STATE.

(2) FOR ANY TAXABLE YEAR, THE CREDIT ALLOWED UNDER THIS
SUBSECTION MAY NOT EXCEED $1,500 FOR EACH EMPLOYEE ENROLLED IN AN
APPROVED PROGRAM OR AN APPROVED INDUSTRY CERTIFICATE PROGRAM.

(D) (C) (1) THE CREDIT ALLOWED UNDER THIS SECTION MAY NOT EXCEED
THE STATE INCOME TAX IMPOSED FOR THE TAXABLE YEAR, DETERMINED BEFORE
THE APPLICATION OF THE CREDITS UNDER THIS SECTION AND §§ 10-701 AND 10-701.1
OF THIS SUBTITLE BUT AFTER THE APPLICATION OF ANY OTHER CREDIT UNDER
THIS SUBTITLE.

(2) THE UNUSED AMOUNT OF THE CREDIT UNDER THIS SECTION FOR
ANY TAXABLE YEAR MAY NOT BE CARRIED OVER TO ANY OTHER TAXABLE YEAR

(E) (D) (1) AFTER CONSULTATION WITH THE SECRETARY OF BUSINESS
AND ECONOMIC DEVELOPMENT, THE SECRETARY OF LABOR, LICENSING, AND
REGULATION, AND THE APPROPRIATE ADVISORY BOARDS, THE SECRETARY OF THE
MARYLAND HIGHER EDUCATION COMMISSION, EVALUATING SUCH FACTORS AS
HIGH ECONOMIC GROWTH MARYLAND'S ECONOMIC DEVELOPMENT STRATEGY AND
THE NEEDS OF MARYLAND'S BUSINESS COMMUNITY:

(I) SHALL IDENTIFY AND DESIGNATE THE WORK-RELATED SKILLS
AND OCCUPATIONS THAT ARE IN SHORT SUPPLY AND ARE CRITICAL TO MARYLAND'S
ECONOMIC DEVELOPMENT STRATEGY; AND

(II) ANNUALLY SHALL ESTABLISH A LIST OF APPROVED PROGRAMS
AT ELIGIBLE EDUCATIONAL INSTITUTIONS AND APPROVED INDUSTRY CERTIFICATE
PROGRAMS QUALIFYING FOR THE TAX CREDITS UNDER THIS SECTION.

(2) (I) ON OR BEFORE NOVEMBER 1 OF EACH YEAR THE SECRETARY
OF THE MARYLAND HIGHER EDUCATION COMMISSION SHALL SUBMIT THE
PROPOSED DESIGNATION UNDER PARAGRAPH (1)(I) OF THIS SUBSECTION OF THE
WORK-RELATED SKILLS AND OCCUPATIONS THAT ARE IN SHORT SUPPLY AND ARE
CRITICAL TO MARYLAND'S ECONOMIC DEVELOPMENT STRATEGY AND ANY