1. A. Biotechnology Investment Incentive Tax Credit Application. To claim eligibility for a tax credit and to be initially certified as eligible for a tax credit, an applicant shall submit to the Department, not less than 30 days before making an investment in a qualified Maryland biotechnology company, an application on a form approved by the Department.
2. B. An applicant may not file an application earlier than June 1 of the State fiscal year immediately preceding the State fiscal year in which the applicant intends to make the investment and claim eligibility for a tax credit.

3. C. Each application shall include the following:

   1. (1) The legal name of the applicant;
   2. (2) The street address of the principal place of business of the applicant, or the street addresses of the principals of the applicant, and the applicant’s email address and telephone number;
   3. (3) Except in the case of an individual applicant, the business mailing address, telephone number, and email address of an individual with authority to act on behalf of the applicant;
   4. (4) The federal employer identification number of the applicant or, if the applicant is an individual, the Social Security number of the applicant; and
   5. (5) Any other information required or requested by the Department.

Authority: Economic Development Article, §2-108; Tax-General Article, §10-725; Annotated Code of Maryland

Effective date: December 7, 2006 (33:24 Md. R. 1907)

Regulations .01—.11 repealed and new Regulations .01—.15 adopted effective September 17, 2012 (39:18 Md. R. 1197)

Regulation .02B amended effective May 23, 2016 (43:6 Md. R. 589)

Regulation .06C amended effective May 23, 2016 (43:6 Md. R. 589)