If an employer is an organization that is exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code, then the credit under this chapter may be taken against the State income tax due on unrelated business taxable income as provided under Tax-General Article, §§10-304 and 10-812, Annotated Code of Maryland.

Authority: Tax-General Article, §2-103, Annotated Code of Maryland

Effective date: January 24, 2000 (27:1 Md. R. 74)

Regulation .01B amended effective April 19, 2010 (37:8 Md. R. 614)

Regulation .03B amended effective October 9, 2006 (33:20 Md. R. 1613)