Instructions For Maryland Form 502cr - Income Tax Credits For Individuals - 2013 Page 4

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INCOME TAX CREDITS
MARYLAND
Page 4
FORM
FOR INDIVIDUALS
502CR
INSTRUCTIONS
2013
prior year.
to another year. No credits may be earned for any tax year
beginning on or after January 1, 2016.
The carryover amount can be found on Part F line 7 of Form
502CR for tax year 2012.
If you have hired qualified employees to work in an HEZ, you
may be entitled to an HEZ Hiring tax credit. This credit is
For additional information, contact the Maryland Environmental
computed on Maryland Business Tax Credit Form 500CR and
Trust at 410-514-7900, , or the
requires DHMH certification. You must file your Maryland income
Maryland Agricultural Land Preservation Foundation at 410-841-
tax return electronically to claim this credit. You may download
5860.
instructions from our website at
PART G – HEALTH ENTERPRISE ZONE PRACTITIONER
PART H - INCOME TAX CREDIT SUMMARY
INCOME TAX CREDIT
This part is to summarize Parts A through G. If the total from Part
If you are a qualified “Health Enterprise Zone (HEZ)
H, line 8 exceeds the state tax, the excess will not be refunded.
Practitioner,” you may be able to claim a credit against
PART I - REFUNDABLE INCOME TAX CREDITS
your State tax liability for income that you earned for
practicing health care in an HEZ. To apply for certification, you
Line 1 NEIGHBORHOOD STABILIZATION CREDIT
must be a health care practitioner who is licensed or certified
If you live in the Hillendale, Northbrook, Pelham Woods
under the Maryland Health Occupations Article, and who
or Taylor/Dartmouth areas of Baltimore County, you
provides:
may qualify for this credit. Credit for homes purchased
1. Primary care, including obstetrics, gynecological services,
in Baltimore County must have been applied for by
pediatric services, or geriatric services;
December 31, 2005.
2. Behavioral health services, including mental health or
After certification by Baltimore County, you may claim
alcohol and substance abuse services; or
an income tax credit equal to the property tax credit
granted by Baltimore County. Enter the amount on Part
3. Dental services.
I, line 1 and attach a copy of the certification.
To be eligible to claim this tax credit, you must:
Line 2 SUSTAINABLE COMMUNITIES TAX CREDIT
1. Be an HEZ practitioner who practices health care in an HEZ
See instructions for Form 502S.
2. Demonstrate competency in cultural, linguistic, and
Line 3 REFUNDABLE BUSINESS INCOME TAX CREDITS
health literacy in a manner determined by the Maryland
Department of Health and Mental Hygiene (DHMH);
NOTE: You must file your income tax
return electronically to claim any of the
3. Accept and provide care for patients enrolled in the
refundable credits listed below:
Maryland Medical Assistance Program and for uninsured
patients;
See Business Tax Credit Form 500CR Instructions
for qualifications for the One Maryland Economic
4. Meet any other criteria required by DHMH to be certified
Development Tax Credit, the Biotechnology Investment
for this credit.
Incentive Tax Credit, the Health Enterprise Zone
Eligibility for this tax credit is limited to funds budgeted.
Hiring Credit, the Small Business Research &
Applicants seeking certification will be approved on a first-come,
Development Tax Credit, the Clean Energy Incentive
first-served basis. To become certified, the HEZ practitioner
Tax Credit and the Film Production Activity Tax Credit.
may apply to the non-profit community organization or local
You may download instructions from our website at
government approved by DHMH.
Go to DHMH website at:
dhmh.maryland.gov for more information.
Line 4 IRC SECTION 1341 REPAYMENT CREDIT
INSTRUCTIONS
If you repaid an amount this year reported as income
Line 1 Enter the amount of taxable net income from your
on a prior year federal return that was greater than
Maryland income tax return (line 20 of Form 502 or line
$3,000, you may be eligible for an IRC Section 1341
13 of Form 505NR).
Repayment credit. Attach documentation. For additional
information, see Administrative Release 40.
Line 2 Enter the amount of State tax from line 22 of Form 502,
or from line 16 of Form 505NR.
Line 5 FLOW-THROUGH NONRESIDENT PTE TAX
Line 3 Enter the amount of income that you earned practicing
If you are the beneficiary of a trust or a Qualified
health care in a Health Enterprise Zone in 2013.
Subchapter S Trust for which nonresident PTE tax was
paid, you may be entitled to a credit for your share of
Line 4 Revised income: Subtract line 3 from line 1. If less than
that tax. Enter the amount on this line and attach both
0, enter 0.
the Form 504 Schedule K-1 for the trust and a copy of
Line 5 Tax on amount on line 4. Compute the Maryland tax
the Form 510 Schedule K-1 issued to the trust by the
that would be due on the revised taxable net income by
PTE.
using the Maryland Tax Table or Computation Worksheet
If you are a member of a PTE for which nonresident
contained in the instructions for Form 502 (Form 505
tax was paid, you may be entitled to a credit for your
and 515 filers should use tax tables or computation
share of that tax. Enter the amount on this line and
worksheet in the Form 505 nonresident instructions.).
attach Form 510 Schedule K-1 issued to you and to the
Do not include the local income tax.
partnership, limited liability company, or S Corporation,
Line 6 Tax credit (Subtract line 5 from line 1) Enter here and
by the PTE.
on Part H, line 7. (If less than 0, enter 0.)
Line 6 Add lines 1 through 5. Enter the total on the appropriate
This credit is limited to the State tax. There is no carryover
line of the income tax form being filed.
COM/RAD-012
13-49

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