Ch. 3

2007 Laws of Maryland

(I) [0.9%] 0.75% of the gross amount of sales and use tax that
the vendor is to pay to the Comptroller; OR

(II) $1,000 FOR EACH RETURN.

(2) The credit allowed under this section does not apply to any sales
and use tax that a vendor is required to pay to the Comptroller for any purchase or use
that the vendor makes that is subject to the tax.

(b) (1) Subject to paragraph (2) of this subsection, the credit allowed
under this section is 1.2% of the first $6,000 of the gross amount of sales and use tax
that the vendor is to pay with each return.

(2) For a vendor who files or is eligible to file a consolidated return
under § 11-502 of this title:

(I) the credit allowed under paragraph (1) of this subsection is
1.2% of the first $6,000 of the gross amount of sales and use tax that the vendor is or
would be required to pay with the consolidated return: AND.

(II)(C) From January 3, 2008 through June 30,
2011:

(1)      THE CREDIT ALLOWED UNDER SUBSECTION (A) OF THIS
SECTION MAY NOT EXCEED $500 FOR EACH RETURN: AND

(2)      FOR A VENDOR WHO FILES OR IS ELIGIBLE TO FILE A
CONSOLIDATED RETURN UNDER § 11-502 OF THIS TITLE. THE TOTAL MAXIMUM
CREDIT THAT THE VENDOR IS ALLOWED UNDER THIS SECTION FOR ALL
RETURNS FILED FOR ANY PERIOD IS $1,000 $500.

[(c) From July 1, 2004 through June 30, 2006:

(1)       the credit allowed under subsection (a) of this section is 0.45% of
the gross amount of sales and use tax that the vendor is to pay to the Comptroller; and

(2)       the credit allowed under subsection (b) is:

(i) 0.6% of the first $6,000 of the gross amount of sales and use
tax that the vendor is to pay with each return; or

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