Maryland Statutes
Subtitle 4 - One Maryland Economic Development Tax Credit
Section 6-404 - Reduction of Tax Revenue

A refund payable to a qualified business entity under § 6–403(e) of this subtitle reduces:
        (1)    the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax – General Article;
        (2)    the income tax revenue from individuals if the qualified business entity is:
            (i)    an individual subject to the income tax under Title 10 of the Tax – General Article; or
            (ii)    an organization exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; and
        (3)    insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.

Structure Maryland Statutes