Form 500cr - Maryland Business Income Tax Credits - 2012 Page 3
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MARYLAND BUSINESS INCOME TAX
Page 3
500CR
CREDITS
ATTACH TO YOUR 500, 502, 504, 505, 510, or
2012
MW508
PART E - COMMUNITY INVESTMENT TAX CREDIT ** Must Attach Required Certification
1. Amount of approved contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Enter 50% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Enter the amount from line 2 or $250,000, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . 3
PART F - BUSINESSES THAT CREATE NEW JOBS TAX CREDIT
1. Property tax credit (certified by the State Department of Assessments and Taxation) . . . . . . .
1
2. Enhanced property tax credit (certified by the State Department of
Assessments and Taxation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Total (Add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
PART G - L ONG-TERM EMPLOYMENT OF QUALIFIED EX-FELONS TAX CREDIT
(FOR EMPLOYEES HIRED FROM 1/1/07 THROUGH 12/31/11)
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 H - WORK-BASED LEARNING PROGRAM CREDIT ** Must Attach Required Certification
1. Number of eligible student employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Multiply Line 1 x $1,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Enter 15% of wages paid to all eligible student employees . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Enter the lesser of line 2 or 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
(Cumulative credit for this year and all prior years may not exceed $1,500 per employee.)
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 - RESERVED FOR FUTURE USE
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Maximum Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
250,000
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
COM/RAD 007
12-49
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