1. A. Sixty days before the last day of the taxable year in which a catalytic revitalization project that has been issued an initial State tax credit allocation is completed or a phase of the project is completed, the applicant shall:

   1. (1) Notify the Secretary that the project or project phase has been completed; and
   2. (2) Certify that the project is a catalytic revitalization project eligible for the State tax credit.
2. B. The notice and certification to the Secretary shall be in a form prescribed by the Department and contain documentation required by the Department.
3. C. Upon final review and verification of the notice and certification, the Secretary shall issue to the applicant a final credit certificate for the project or project phase before or by the last day of the taxable year in which the project or a phase of the project was completed, stating the final State tax credit amount for the project or project phase, not to exceed the aggregated credit amount initially allocated to the project.

Authority: Housing and Community Development Article, §6-904, Annotated Code of Maryland

Effective date: March 17, 2025 (52:5 Md. R. 236)