Form 500cr - Income Tax Credits - 2011 Page 4
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19MARYLAND BUSINESS
FORM
500CR
INCOME TAX CREDITS
ATTACH TO YOUR 500, 502, 504, 505, 510, or MW508
2011
PART I - EMPLOYER-PROVIDED LONG-TERM CARE INSURANCE TAX CREDIT
1. Enter 5% of long-term care insurance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Multiply the number of eligible employees by $100 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Enter the lesser of line 1 or line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Enter the lesser of line 3 or $5,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART J - TELECOMMUNICATIONS PROPERTY TAX CREDIT
1. Enter 60% of the total state, county and municipal corporation property taxes. . . . . . . . . . . . . . . .
1
PART K - RESEARCH AND DEVELOPMENT TAX CREDITS ** Must Attach Required Certification
1. Basic credit (3%) as certified by the Department of Business and Economic Development . . . . . .
1
2. Growth credit (10%) as certified by the Department of Business and Economic Development . . . .
2
3. Total (Add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
PART L - BIOTECHNOLOGY INVESTMENT INCENTIVE TAX CREDIT ** Must Attach Required Certification
NOTE: If you are claiming more than one investment see instruction for Part L.
1. Amount of approved investment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Enter 50% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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250,000
3. Maximum Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Tentative refund (Enter the amount from line 2 or line 3, whichever is less.). . . . . . . . . . . . . . . . . .
4
5. Enter any amount of recapture. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6. Total Biotechnology Investment Incentive Tax Credit (Subtract line 5 from line 4 and enter this
amount here and in PART Y, line 2. If less than zero, enter negative amount.) . . . . . . . . . . . . . . .
6
PART M - COMMUTER TAX CREDIT
1. Amount of commuter benefits paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Enter 50% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Number of employees for which commuter benefits were paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Multiply the number of employee-months by $50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5. Enter the lesser of line 2 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
PART N - CLEAN ENERGY INCENTIVE TAX CREDIT ** Must Attach Required Certification
Enter in the box(es) below the number of kilowatt hours of electricity that was:
1. Not co-fired with coal . Multiply this number by .85 cents (.0085) . . . . . . . . . . . . . . . . . . .
1
2. Co-fired with coal . Multiply this number by .5 cents (.005) . . . . . . . . . . . . . . . . . . . . . . . .
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3. Total (Add lines 1 and 2.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Enter one-fifth of the amount stated on the initial credit certificate. . . . . . . . . . . . . . . . . . . . . . . . . .
4
5. Enter the lesser of line 3 or line 4. Enter this amount in Part Y, line 3 . . . . . . . . . . . . . . . . . . . . . . .
5
PART O - MARYLAND-MINED COAL TAX CREDIT ** Must Attach Required Certification
1. Number of tons of Maryland-mined coal purchased in the current tax year . . . . . . . . . . . . . . . . . . .
1
2. Multiply line 1 by $3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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COM/RAD 007
11-49
Rev 9/12
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