Form 500cr - Maryland Business Income Tax Credits - 2012 Page 2
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MARYLAND BUSINESS INCOME TAX
Page 2
500CR
CREDITS
ATTACH TO YOUR 500, 502, 504, 505, 510, or
2012
MW508
PART B - RESERVED FOR FUTURE USE
PART C - MARYLAND DISABILITY EMPLOYMENT TAX CREDIT FOR EMPLOYEES
HIRED BEFORE JULY 1, 2013
PART C - I
CREDIT FOR EMPLOYEES WITH A DISABILITY
1. Number of qualified employees. First year Second year
2. Credit for first year (30% of first $6,000 of wages paid to each employee) . . . . . . . . . . . . . .
2
3. Credit for second year (20% of first $6,000 of wages paid to each employee) . . . . . . . . . . . . 3
4. Total (Add lines 2 and 3.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART C - II
CREDIT FOR CHILD CARE AND TRANSPORTATION EXPENSES
5. Number of qualified employees. First year Second year
6. Credit for first year (limited to a combined total of $600 in child care and transportation
expenses per qualified employee with a disability) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7. Credit for second year (limited to a combined total of $500 in child care and
transportation expenses per qualified employee with a disability) . . . . . . . . . . . . . . . . . . . . .
7
8. Total (Add lines 6 and 7.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART C - SUMMARY
9. Total Maryland Disability Employment Tax Credit for the current tax year
(Add lines 4 and 8.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
PART D - JOB CREATION TAX CREDIT ** Must Attach Required Certification
PART D - I
CREDIT FOR EMPLOYEES OF A QUALIFIED BUSINESS
1. Total number of qualified positions for the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Multiply line 1 by $1,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Enter 2.5% of wages paid for each position on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Enter the lesser of lines 2 or 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART D - II
CREDIT FOR EMPLOYEES WORKING IN A FACILITY LOCATED IN A REVITALIZATION AREA
5. Total number of qualified positions for the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6. Multiply line 5 by $1,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7. Enter 5% of wages paid for each position on line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8. Enter the lesser of lines 6 or 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART D - SUMMARY
9. Total credits calculated for the current year (Add lines 4 and 8.) . . . . . . . . . . . . . . . . . . . . . .
9
10. Enter the lesser of line 9 or $1,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11. Total current year credits available (Multiply line 10 by 50%.) . . . . . . . . . . . . . . . . . . . . . . .
11
12. Enter remaining 50% of credits from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13.Total Job Creation Tax Credits that may be claimed this year (Add lines 11 and 12.) . . . . . . . . 13
COM/RAD 007
12-49
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