Form 500cr - Business Tax Credits - Maryland - 1998 Page 3
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4PART D - II CREDIT FOR QUALIFIED EMPLOYEES WORKING IN A FACILITY LOCATED IN A
REVITALIZATION AREA
________
49. Total number of positions eligible for credit for current year .................................... __________________
50. Multiply line 49 by $1,500........................................................................................... __________________
51. Enter 5% of wages paid to each position on line 49 ................................................. __________________
52. Enter the lesser of line 50 or 51 ................................................................................ __________________
PART D – SUMMARY
53. Total credits calculated for the current year (Add lines 48 and 52) ......................... __________________
54. Enter lesser of line 53 or $1,000,000 ........................................................................ __________________
55. Total current year credits available (Multiply line 54 by 50%) .................................. __________________
56. Enter remaining 50% of credits from prior year ........................................................ __________________
57. Total credits available (Add lines 55 and 56) ............................................................ __________________
PART E – NEIGHBORHOOD AND COMMUNITY ASSISTANCE PROGRAM TAX CREDIT
58. Amount of approved contributions.............................................................................
59. Enter 50% of line 58 ...................................................................................................
60. $125,000 (maximum credit) .......................................................................................
125,000 00
61. Enter lesser of line 59 or 60 ......................................................................................
PART F – BUSINESSES THAT CREATE NEW JOBS TAX CREDIT
62. Credit (amount certified by State Department of Assessments and Taxation)......... __________________
PART G – HERITAGE AREA TAX CREDIT
63. Credit (from Form 502H) ............................................................................................ __________________
PART H – CLEAN-FUEL VEHICLE TAX CREDIT
PART H - I
CREDIT FOR QUALIFIED CLEAN-FUEL TRUCKS WITH A VEHICLE
WEIGHT OF MORE THAN 5,000 BUT LESS THAN 10,000 POUNDS
64. Number of qualified clean-fuel trucks......................................................................
65. Credit (limited to 80% of the deduction allowed on your federal return) .................
PART H - II CREDIT FOR QUALIFIED CLEAN-FUEL VEHICLES
66. Number of qualified clean-fuel vehicles not included on line 64...............................
67. Credit (limited to 40% of the deduction allowed on your federal return)..................
PART H - III CREDIT FOR QUALIFIED ELECTRIC VEHICLES
68. Number of qualified electric vehicles ........................................................................
69. Credit (limited to 40% of the deduction allowed on your federal return) .................
PART H - SUMMARY
70. Total credit for qualified clean-fuel vehicles (Add lines 65, 67 and 69)...................
(No carryovers are allowed for this credit)
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