Form 500cr - Income Tax Credits - 2011 Page 11
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19the income tax, an addition modification must be made in the amount
employee voluntarily left to take another job.
of the credit claimed.
Part C-II Credit for Child Care and Transportation Expenses An
A credit will be allowed only for employees hired before July 1, 2009.
additional credit is allowed for expenses incurred by the employer
for approved day care services for a child or children of a qualified
No credits may be earned for any tax year beginning on or after
employee, or for transportation expenses that are incurred to enable
January 1, 2012.
a qualified employee to travel to and from work. A credit of up to
$600 is allowed for the first year of employment and up to $500
PART C - MARYLAND DISABILITY EMPLOYMENT TAX
for the second year. To verify if a child care center qualifies as an
CREDIT
approved provider, contact the Department of Human Resources,
General Requirements Businesses that employ persons with
Child Care Administrator for the county or city in which the child
disabilities, as determined by the Division of Rehabilitation Services
care center is located.
(DORS) in the Maryland State Department of Education and/or by the
Part C-Summary Add lines 4 and 8.
Maryland Department of Labor, Licensing and Regulation (DLLR)
may be eligible for tax credits for wages paid to, and for child care
Whenever this credit is claimed against the income tax, an addition
expenses and transportation expenses paid on behalf of, qualified
modification must be made in the amount of the credit claimed.
employees.
A credit will be allowed only for employees hired before July 1, 2012.
Qualifying employees with a disability are those who are certified as
No credits may be earned for any tax year beginning on or after
such by the DORS (or by the DLLR for a disabled veteran).
January 1, 2015.
For certification or for additional information, contact:
PART D - JOB CREATION TAX CREDIT
Division of Rehabilitation Services
2301 Argonne Drive
General Requirements Certain businesses that create new qualified
positions in Maryland may be eligible for tax credits based on the
Baltimore, MD 21218
1-888-554-0334
number of qualified positions created or wages paid for these
positions.
dors@msde.state.md.us
The business facility must be certified as having created at least 60
or the Department of Labor, Licensing and Regulation at
410-767-2047
qualified positions, 30 high-paying qualified positions, or 25 qualified
taxcredit@dllr.state.md.us
positions if the business facility established or expanded is in a State
Priority Funding Area.
A “Qualified Employee” with a disa bility means an individual who:
A qualified position is a full-time position which pays at least 150% of
1. meets the definition of an individual with a disability as defined
the federal minimum wage, is located in Maryland, is newly created
by the Americans with Disability Act;
as a result of the establishment or expansion of a business facility in
2. has a disability that presently constitutes an impediment to
a single location in the state and is filled. Qualified business entities
obtaining or maintaining employment or to transitioning from
are those that are certified as such by the Maryland Department of
school to work; and
Business and Economic De velopment. A qualified employee is an
employee filling a qualified position.
3. is ready for employment; or
Recapture Provision If, at any time during the three tax years after
4. is a veteran who has been discharged or released from active
the year the credit was earned, the average number of qualified
duty by the American Armed Forces for a service-connected
positions falls more than 5% below the average number of qualified
disability.
positions during the year in which the credit was earned, a portion
This credit may not be claimed if the Employment Opportunity
of the credit will be recaptured for the tax year in which this occurs.
Tax Credit has been claimed for that employee. In addition, an
The amount to be recaptured is the amount originally claimed
employee must not have been hired to replace a laid-off employee
multiplied by the percentage reduction in the number of qualified
or to replace an employee who is on strike or for whom the business
employees. The credit to be recaptured is reported on line 26, Part
simultaneously receives federal or state employment training
W of Form 500CR.
benefits.
For certification or for information on the standards that businesses
Qualifying child care expenses are those expenses incurred by
must meet to qualify, contact:
a business to enable a qualified employee with a disability to be
Maryland Department of Business and Economic Development
gainfully employed.
Division of Business Development, Tax Incentive Group
Transportation expenses are those expenses incurred by a business
401 E. Pratt St.
entity to enable a qualified employee with a disability to travel to
Baltimore, MD 21202
and from work.
410-767-6438 or 410-767-4980
Specific Requirements
Specific Requirements
Part C-I Credit for employees with a disability hired A credit is
allowed for each new employee with a disability for a two-year period
Part D-I Credit for employees of a qualified business A credit is
beginning with the year the employee was qualified. The credit for
allowed for each newly created qualified filled position. The credit
each disabled employee hired is equal to 30% of the first $6,000
is the lesser of $1,000 multiplied by the number of filled qualified
of qualified first year wages and 20% of the first $6,000 of qualified
positions during the credit year or 2.5% of the wages paid for these
second year wages.
positions for the credit year.
The employer is not entitled to claim the credit until employment
Part D-II Credit for employees working in a facility located in
has continued for at least one full year unless the employee: (a)
a revitalization area A credit is allowed for each newly-created
voluntarily leaves the employer, (b) becomes further disabled or
qualified filled position located in a revitalization area. The credit
death occurs or (c) is terminated for cause. The credit must be
is the lesser of $1,500 multiplied by the number of filled qualified
prorated for the portion of the year the employee worked unless the
positions or 5% of the wages paid for these positions.
11-49
Rev 9/12
3
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