1. (a) An individual or corporation may claim a credit against the State income tax for a certified rehabilitation as provided under § 5A-303 of the State Finance and Procurement Article.

2. (b) An individual or corporation that is not otherwise required to file an income tax return, including a corporation exempt from income tax under § 501(c)(3) of the Internal Revenue Code:

   1. (1) may file a return to claim a refund of the credit under this section; and
   2. (2) shall file a return if the individual or corporation is subject to the recapture of the credit under this section as provided under § 5A-303 of the State Finance and Procurement Article.

Added by Acts 1996, c. 601, § 1, eff. Oct. 1, 1996. Amended by Acts 2001, c. 160, § 1, eff. July 1, 2001; Acts 2001, c. 161, § 1, eff. July 1, 2001; Acts 2005, c. 44, § 1, eff. Oct. 1, 2005; Acts 2005, c. 440, § 3, eff. Oct. 1, 2005.