Form 502h - Maryland Heritage Structure Rehabilitation Tax Credit - 2012
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1
22012
MARYLAND HERITAGE STRUCTURE
FORM
502H
REHABILITATION TAX CREDIT
For applications received by Maryland Historical
Trust on or before May 31, 2010
Name of taxpayer(s)
Taxpayer Identification Number
Check here if this credit is derived from an entity other than that shown above.
Enter the entity’s federal employer identification number. If from more than one entity, attach schedule.
FEIN
YOUR MARYLAND RESTORATION AND QUALIFIED COSTS MUST BE CERTIFIED BY THE MARYLAND HISTORICAL TRUST (MHT).
Attach a copy of your approved Certification Application (Part 3) and Form 502H to your tax return.
REMINDER: Do not send photographs to the Revenue Administration Division. All photographs are to be sent to the MHT at:
100 Community Place, Crownsville, Maryland 21032-2023
For further information or to obtain applications, contact the MHT at 410-514-7628 or
SECTION 1
Column 1
Column 2
Column 3
Column 4
Complete this section only if the
MHT PROJECT NUMBER
CERTIFIED
MULTIPLY THE
ENTER THE AMOUNTS
certified rehabilitation was com-
AND LOCATION OF
REHABILITATION
EXPENDITURES IN
FROM COLUMN 3 FOR
pleted during tax year 2012.
PROPERTY
EXPENDITURES
COLUMN 2 BY 20%
EACH PROPERTY
($3,000,000 MAXIMUM
Part A: FOR AN APPLICATION
PER PROPERTY)
TO REHABILITATE A NON-
COMMERCIAL STRUCTURE
SUBMITTED TO THE MHT ON OR
BEFORE JUNE 30, 2004
($3,000,000 MAXIMUM
Part B: FOR AN APPLICATION
PER PROPERTY)
TO REHABILITATE A
COMMERCIAL STRUCTURE
SUBMITTED TO THE MHT AFTER
FEBRUARY 1, 2002
($50,000 MAXIMUM
Part C: FOR AN APPLICATION
PER PROPERTY)
TO REHABILITATE A NON-
COMMERCIAL STRUCTURE
SUBMITTED TO THE MHT ON OR
AFTER JULY 1, 2004
SECTION 2
Current Year Credit/Recapture:
1. Enter the total from Column 4, Parts A, B and C less any recaptures if applicable (see instructions)
here and on:
line 2, Part H of Form 502CR (if filing Form 502 or Form 505); or
line 34 of Form 504 (if filing Form 504) or
line 15e of Form 500 (if filing Form 500).
If negative, enter the negative amount on the appropriate form ............................................... 1.
Carryovers from Prior Years (see instructions):
2. Enter any Heritage Structure Rehabilitation Tax Credit carried over from prior years ................... 2.
3. Enter the State tax from:
line 22 of Form 502 (less amounts from lines 23 and 24 of Form 502 and lines 1 through 6,
Part G of Form 502CR) or
line 32c of Form 505 (less amounts from lines 33 and 34 of Form 505 and lines 1 through 6,
Part G of Form 502CR). .................................................................................................... 3.
4. Nonrefundable Heritage Structure Rehabilitation Tax Credit. Enter the lesser of line 2 or line 3.
Also enter this amount on line 7, Part G of Form 502CR. ...................................................... 4.
5. Heritage Structure Rehabilitation Tax Credit carryover. Subtract line 4 from line 2. If less than 0,
enter 0.
If it is greater than 0, it may be carried forward for up to 10 successive tax years from the
year in which the rehabilitation was completed or until fully used, whichever is earlier. ............... 5.
COM/RAD-015
12-49
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