Form 500cr - Business Tax Credits - Maryland - 1998 Page 2
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4PART B - III CREDIT FOR QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEES HIRED ON OR
AFTER 6/1/98
25. Number of employees eligible for first-year credit..................................................... ________
26. Number of employees eligible for second-year credit............................................... ________
27. Number of employees eligible for special AFDC credit ............................................. __________________
28. Credit for first year (limited to 30% of first $6,000 of wages paid to each employee) _ _ _ _ _ _ _ _ _ _ _ _
29. Credit for second year (limited to 20% of first $6,000 of wages paid to each employee) _ _ _ _ _ _ _ _ _ _ _ _
30. Special AFDC credit (limited to 40% of first $10,000 of wages paid to each employee) __________________
31. Total (Add lines 28, 29 and 30) ................................................................................. __________________
PART B - IV CREDIT FOR QUALIFIED CHILD CARE AND TRANSPORTATION EXPENSES FOR
EMPLOYEES HIRED ON OR AFTER 6/1/98
________
32. Number of employees eligible for first-year credit..................................................... ________
33. Number of employees eligible for second-year credit...............................................
34. Credit for first year (limited to a total of $600 in child care and transportation
expenses incurred for each qualified employee)..................................................... _ _ _ _ _ _ _ _ _ _ _ _
35. Credit for second year (limited to a total of $500 in child care and transportation
expenses incurred for each qualified employee) ......................................................
36. Total (Add lines 34 and 35) ........................................................................................
PART B - SUMMARY
37. Total credit for wages paid and child care and transportation expenses incurred in
the current tax year (Add lines 17, 24, 31 and 36) .................................................
PART C – EMPLOYMENT OF INDIVIDUALS WITH DISABILITIES TAX CREDIT
PART C - I CREDIT FOR DISABLED EMPLOYEES
38. Credit for first year (limited to 20% of first $6,000 of wages paid to each employee) __________________
39. Credit for second year (limited to 20% of first $6,000 of wages paid to each employee) __________________
40. Total (Add lines 38 and 39) ....................................................................................... __________________
PART C - II CREDIT FOR QUALIFIED CHILD CARE AND TRANSPORTATION EXPENSES
41. Credit for first year (limited to a combined total of $600 of child care and transportation
expenses incurred for each qualified employee with a disability) ............................ __________________
42. Credit for second year (limited to a combined total of $500 of child care and transportation
expenses incurred for each qualified employee with a disability) ............................ __________________
43. Total (Add lines 41 and 42) ........................................................................................ __________________
PART C – SUMMARY
__________________
44. Total credit for wages paid and child care and transportation expenses incurred in the
current tax year (Add lines 40 and 43) ......................................................................... __________________
PART D – JOB CREATION TAX CREDIT
PART D - I CREDIT FOR QUALIFIED EMPLOYEES EMPLOYED BY A QUALIFIED ENTITY
________
45. Total number of positions eligible for credit for current year .................................... __________________
46. Multiply line 45 by $1,000........................................................................................... __________________
47. Enter 2.5% of wages paid to each position on line 45 .............................................. __________________
48. Enter the lesser of line 46 or 47 ............................................................................... __________________
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