Maryland Form 502s - Sustainable Communities Tax Credit - 2014
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2SUSTAINABLE COMMUNITIES
2014
MARYLAND
FORM
TAX CREDIT
502S
Print using blue or black ink only.
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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 502S 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 more information or to obtain applications, contact the MHT at 410-514-7628 or
Check here if a credit is being claimed for more than one property. See Special Instructions for Multiple Properties.
1. Enter MHT Project Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.
Location of Property (Street Address, City, State, ZIP code)
_______________________________________________________________________________________________________
_______________________________________________________________________________________________________
2. Certified rehabilitation expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. ________________
3. Credit for certified rehabilitation expenditures (Multiply line 2 by 20% (.20) and enter on line 3.). . . . . .3. ________________
4. Additional credit for certified rehabilitation of a high performance building. (If applicable,
multiply line 2 by 5% (.05) and enter on line 4. Otherwise, enter 0.) . . . . . . . . . . . . . . . . . . . . . . . . . .4. ________________
5. Total credit amount (Add lines 3 and 4. For commercial rehabilitations, enter the lesser of the total or
$3,000,000. For all other rehabilitations, enter the lesser of the total or $50,000.) . . . . . . . . . . . . . . . .5. ________________
6. Total credit amount less recaptures (Enter line 5 less any recaptures if applicable.
If less than 0, enter negative amount. See Instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. ________________
If you are filing Form 502 or Form 505, enter the amount from line 6 on line 2, Part I of Form 502CR.
If you are filing Form 504, enter the amount from line 6 on line 34 of Form 504.
Corporations and PTEs will claim this credit on line 1, Part Z of Form 500CR.
If negative, enter the negative amount on the appropriate form.
COM/RAD 031
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