Maryland Form 504cr - Business Income Tax Credits For Fiduciaries - 2013 Page 11
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232013
FIDUCIARY’S BUSINESS INCOME
MARYLAND
FORM
TAX CREDITS INSTRUCTIONS
504CR
Article and who provides:
contact: DHMH.
•
Primary care, including obstetrics, gynecological services,
pediatric services, or geriatric services;
PART C - MARYLAND DISABILITY EMPLOYMENT TAX CREDIT
•
Behavioral health services, including mental health or
General Requirements Businesses that employ persons with
alcohol and substance abuse services; or,
disabilities, as determined by the Division of Rehabilitation
Services (DORS) in the Maryland State Department of Education
•
Dental services.
and/or by the Maryland Department of Labor, Licensing and
A “qualified employee” is a HEZ practitioner, community health
Regulation (DLLR), may be eligible for tax credits for wages paid
worker, or interpreter who:
to, and for child care expenses and transportation expenses paid
(1) Provides direct support to a HEZ practitioner; and
on behalf of, qualified employees.
(2) Expands access to services in a HEZ.
Qualifying employees with a disability are those who are certified
as such by the DORS (or by the DLLR for a disabled veteran).
A qualified position is a full-time position of indefinite duration,
which pays at least 150% of the federal minimum wage, is located
For certification or for additional information, contact:
in a HEZ, and is newly created as a result of the establishment or
Maryland State Department of Education
expansion of services in a HEZ and is filled. A qualified position
Division of Rehabilitation Services
does not include a position that is filled for a period of less than
2301 Argonne Drive
12 months.
Baltimore, MD 21218
A HEZ practitioner may claim a refundable credit of $10,000 for
1-888-554-0334 or 410-554-9442
hiring a qualified employee in a qualified position in a HEZ, as
certified by the Department of Health and Mental Hygiene (DHMH).
or,
Department of Labor, Licensing and Regulation
To be eligible for the credit, the HEZ practitioner may create one or
1100 N. Eutaw St., Room 201
more qualified positions within a 24-month period. The $10,000
Baltimore, MD 21201
credit must be taken over a 24-month period, with half of the credit
410-767-2047
amount allowed beginning with the first year certified.
A “Qualified Employee” with a disability means an individual who:
Recapture Provision If the qualified position is filled for a period
of less than 24 months, the tax credit will be recaptured. The tax
1. Meets the definition of an individual with a disability as
credit will be reduced on a prorated basis, based on the period of
defined by the Americans with Disability Act;
time the position was filled.
2. Has a disability that presently constitutes an impediment
For information on the location of HEZs and the standards which
to obtaining or maintaining employment or to transitioning
HEZ practitioners must meet to qualify, contact:
from school to work; and,
Maryland Department of Health and Mental Hygiene
3. Is ready for employment; or,
Health Systems & Infrastructure Administration
4. Is a veteran who has been discharged or released from active
201 West Preston Street
duty by the American Armed Forces for a service-connected
Baltimore, MD 21201
disability.
410-767-5612
raquel.samson@maryland.gov or
An employee must not have been hired to replace a laid-off
dhmh.hez@maryland.gov
employee or to replace an employee who is on strike or for whom
the business simultaneously receives federal or state employment
Specific Requirements
training benefits.
Complete lines 1 through 6 in Part B of Form 504CR if the HEZ
Qualifying child care expenses are those expenses incurred by
practitioner is located in a HEZ.
a business to enable a qualified employee with a disability to be
Line 1: Enter the amount of qualified employees certified by the
gainfully employed.
Department of Health and Mental Hygiene (DHMH) in the
Transportation expenses are those expenses incurred by a
First Year box.
business entity to enable a qualified employee with a disability
Line 2: Enter $5,000 for each qualified employee certified by the
to travel to and from work.
DHMH in their first year of employment.
Specific Requirements
Line 3: (Reserved for 2014)
Part C-I - Credit for employees with a disability hired. A
Line 4: Enter the sum of lines 2 and 3.
credit is allowed for each new employee with a disability for a two-
year period beginning with the year the employee was qualified.
Line 5: Enter the refund recapture amount, if applicable as a
The credit for each disabled employee hired is equal to 30% of
positive number.
the first $6,000 of qualified first year wages and 20% of the first
Line 6: Subtract line 5 from line 4 and enter the result on line 6
$6,000 of qualified second year wages.
and on line 4, Part Y. If the result is less than 0, enter as
The employer is not entitled to claim the credit until employment
a negative number.
has continued for at least one full year unless the employee:
Note: A copy of the DHMH certification must be included with your
(a) Voluntarily leaves the employer;
tax return when claiming this tax credit.
(b) Becomes further disabled or death occurs; or,
No credit may be earned for any tax year beginning on or
after January 1, 2016.
(c) Is terminated for cause. The credit must be prorated for
the portion of the year the employee worked unless the
A nonrefundable HEZ Practitioner Tax Credit is available on
employee voluntarily left to take another job.
Maryland Form 502CR, Tax Credits for Individuals. Go to www.
to download a copy of that form.
On line 1, Part C-I, enter the number of qualified employees in
their first year of employment in the “First Year” box. Enter the
For more information about the HEZ Hiring Tax Credit certification,
3
13-49
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