Form At3-74 - Business Tax Credits - 2010 (Page 2 of 4) in pdf

Form At3-74 - Business Tax Credits - 2010 Page 2

2010

MARYLAND FORM AT3-74

BUSINESS TAX CREDITS

PAGE 2

PART B: JOB CREATION TAX CREDIT

B-I: Credit for Employees of a Qualified Business

1. Total number of qualified positions for the current year

2. Multiply line 1 by $1,000

3. Enter 2.5 % of wages paid to each position on line 1

4. Enter the lesser of line 2 or 3

B-II: Credit for Employees Working in a Facility Located in a Revitalization Area

5. Total number of qualified positions for the current year

6. Multiply line 5 by $1,500

7. Enter 5% of wages paid to each position on line 5

8. Enter the lesser of line 6 or 7

PART B: SUMMARY

9. Total credits calculated for the current year (

Add lines 4 and 8)

10. Enter lesser of line 9 or $1,000,000

11. Total current year credits available

(Multiply line 10 by 50%)

12. Enter remaining 50% of credits from prior year

13. Total Job Creation Tax Credit that may be claimed this year

(Add lines 11 and 12)

PART C: MARYLAND DISABILITY EMPLOYMENT TAX CREDIT

C-I: Credit for Employees with a Disability

1. Number of employees eligible for first-year credit

2. Number of employees eligible for second-year credit

3. Credit for first year (

)

30% of first $6,000.00 of wages paid to each employee

4. Credit for second year

(20% of first $6,000.00 of wages paid to each employee)

5. Total

(Add lines 3 and 4)

Form At3-74 - Business Tax Credits - 2010 Page 2