Tax Credits for Qualifying Employees with Disabilities - Sunset Extension

Senate Bill 221 (Chapter 252, Acts of 2010)

This Act extends the termination date of the Maryland Tax Credits for Qualifying Employees with Disabilities under Section 21-309 of the Education Article and Section 10-704.7 of the Tax-General Article by one year to June 30, 2011. The tax credit is applicable to all taxable years beginning after December 31, 1996 but before January 1, 2014, for qualified employees hired on or after October 1, 1997 but before July 1, 2011. Excess tax credits may be carried forward and applied as a credit for taxable years beginning on or after January 1, 2014.

This Act was effective June 1, 2010.