Md. Code Regs. 03.04.09.04

Current through Register Vol. 51, No. 25, December 13, 2024

Section 03.04.09.04 - Exempt Organizations

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.