1. (a) An individual or corporation may claim a credit against the State income tax for the cost of providing commuter benefits to the business entity's employees as provided under § 2-901 of the Environment Article.

2. (b) An organization that is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code may apply the credit under this section as a credit for the payment to the Comptroller of taxes that the organization:

   1. (1) is required to withhold from the wages of employees under § 10-908 of this title; and
   2. (2) is required to pay to the Comptroller under § 10-906(a) of this title.

Added by Acts 1999, c. 559, § 1, eff. July 1, 1999; Acts 1999, c. 560, § 1, eff. July 1, 1999. Amended by Acts 2000, c. 356, § 1, eff. July 1, 2000; Acts 2000, c. 357, § 1, eff. July 1, 2000; Acts 2016, c. 289, § 1, eff. July 1, 2016.