Form 500cr - Maryland Business Income Tax Credits - 2012 Page 9
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172012
FORM
MARYLAND BUSINESS INCOME
500CR
TAX CREDITS INSTRUCTIONS
Maryland Department of Business and Economic Development
Qualifying employees with a disability are those who are certified
Division of Business Development, Tax Incentives Group
as such by the DORS (or by the DLLR for a disabled veteran).
World Trade Center
For certification or for additional information, contact:
401 E. Pratt St.
Division of Rehabilitation Services
Baltimore, MD 21202
2301 Argonne Drive
410-767-4980
Baltimore, MD 21218
1-888-554-0334
Economically disadvantaged employees are those who are certified
dors@msde.state.md.us
as such by:
or the Department of Labor, Licensing and Regulation at
Maryland Department of Labor, Licensing and Regulation
410-767-2047
Division of Employment and Training
taxcredit@dllr.state.md.us
1100 N. Eutaw Street
A “Qualified Employee” with a disa bility means an individual who:
Baltimore, MD 21201
410-767-2047
1. meets the definition of an individual with a disability as
defined by the Americans with Disability Act;
That office will provide information relating to certification
requirements for such employees.
2. has a disability that presently constitutes an impediment
to obtaining or maintaining employment or to transitioning
Specific Requirements
from school to work; and
Complete Parts A-I and A-II if the business is located in an
3. is ready for employment; or
enterprise zone but not in a focus area. Complete Parts A-III and
A-IV if the business is located in a focus area.
4. is a veteran who has been discharged or released from
active duty by the American Armed Forces for a service-
Part A-I Credit for economically disadvantaged employees
connected disability.
not located in a focus area A credit is allowed for each new
economically disadvantaged employee for a three-year period
This credit may not be claimed if the Employment Opportunity
beginning with the year the employee was qualified. The credits are
Tax Credit has been claimed for that employee. In addition, an
limited to the following amounts of wages paid to the economically
employee must not have been hired to replace a laid-off employee
disadvantaged employee: $3,000 in the first year, $2,000 in the
or to replace an employee who is on strike or for whom the
second year and $1,000 in the third year. If the employee replaced
business simultaneously receives federal or state employment
a previously qualified economically disadvantaged employee, the
training benefits.
credit for the new employee will be the same as would have been
Qualifying child care expenses are those expenses incurred by
allowed for the replaced employee.
a business to enable a qualified employee with a disability to be
Part A - II Credit for other qualified employees not located in
gainfully employed.
a focus area A credit is allowed for each new qualified employee
Transportation expenses are those expenses incurred by a
not provided in Part A-I. The credit is limited to $1,000 of wages
business entity to enable a qualified employee with a disability
paid and is applicable for only the first year the employee was
to travel to and from work.
qualified.
Specific Requirements
Part A - III Credit for economically disadvantaged
employees located in a focus area A credit is allowed for
Part C-I Credit for employees with a disability hired A credit
each new economically disadvantaged employee for a three-year
is allowed for each new employee with a disability for a two-year
period beginning with the first year the employee was qualified.
period beginning with the year the employee was qualified. The
The credits are limited to the following amounts of wages paid
credit for each disabled employee hired is equal to 30% of the first
to the same economically disadvantaged employee: $4,500 in
$6,000 of qualified first year wages and 20% of the first $6,000
the first year, $3,000 in the second year and $1,500 in the third
of qualified second year wages.
year. If the employee replaced a previously qualified economically
The employer is not entitled to claim the credit until employment
disadvantaged employee, the credit for the new employee will be
has continued for at least one full year unless the employee: (a)
the same as would have been allowed for the replaced employee.
voluntarily leaves the employer, (b) becomes further disabled or
Part A - IV Credit for other qualified employees located in a
death occurs or (c) is terminated for cause. The credit must be
focus area A credit is allowed for each new qualified employee not
prorated for the portion of the year the employee worked unless
provided in Part A-III. The credit is limited to $1,500 of wages paid
the employee voluntarily left to take another job.
and is applicable for only the first year the employee was qualified.
Part C-II Credit for Child Care and Transportation Expenses
Part A - Summary Add lines 5,7,12 and 14 and enter total.
An additional credit is allowed for expenses incurred by the
employer for approved day care services for a child or children
Whenever an Enterprise Zone Tax Credit is claimed, an addition
of a qualified employee, or for transportation expenses that are
modification must be made in the amount of the credit claimed.
incurred to enable a qualified employee to travel to and from work.
A credit of up to $600 is allowed for the first year of employment
PART B - RESERVED FOR FUTURE USE
and up to $500 for the second year. To verify if a child care center
qualifies as an approved provider, contact the Department of
PART C - MARYLAND DISABILITY EMPLOYMENT TAX
CREDIT
Human Resources, Child Care Administrator for the county or city
in which the child care center is located.
General Requirements Businesses that employ persons with
Part C-Summary Add lines 4 and 8.
disabilities, as determined by the Division of Rehabilitation Services
(DORS) in the Maryland State Department of Education and/or by the
Whenever this credit is claimed against the income tax, an addition
Maryland Department of Labor, Licensing and Regulation (DLLR)
modification must be made in the amount of the credit claimed.
may be eligible for tax credits for wages paid to, and for child
A credit will be allowed only for employees hired before July 1,
care expenses and transportation expenses paid on behalf of,
2013.
qualified employees.
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