Md. Code Regs. 05.14.02.06

Current through Register Vol. 51, No. 26, December 27, 2024

Section 05.14.02.06 - Taxes Against Which Tax Credits May Be Applied

A. General Description. The tax credits described in the Act are credits against State income taxes under Tax-General Article, §10-704.4, Annotated Code of Maryland, for business entities and under Tax-General Article, §10-704.6, Annotated Code of Maryland, for individuals.

B. Disclaimer of Liability. The Department makes no representation, and accepts no responsibility, as to any tax or other consequences to a taxpayer or any other party, arising out of the approval of a qualified permanent endowment fund, the allocation of credits, or the certification of a donation.

Regulation .06 adopted effective 42:25 Md. R. 1542, eff.12/21/2015