This chapter describes the:
- A. Requirements for a taxpayer to receive a certificate allowing it to claim a credit against the State income tax for Maryland qualified cellulosic ethanol research and development expenses; and
B. Procedures that will be used by the Department of Commerce to:
- (1) Receive, review, evaluate, and approve or disapprove applications for tax credits; and
- (2) Issue tax credit certificates.
Authority: Economic Development Article, §2-108; Tax General Article, §§2-103 and 10-726; Annotated Code of Maryland
Effective date: April 6, 2009 (36:7 Md. R. 527)