Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 37 - WORKFORCE DEVELOPMENT AND ADULT LEARNING
Chapter 09.37.04 - Tax Credit for Eligible Apprentices
Section 09.37.04.06 - Carryover of Excess Credit
Universal Citation: MD Code Reg 09.37.04.06
Current through Register Vol. 51, No. 19, September 20, 2024
If the credit allowed to the taxpayer in any taxable year exceeds the total of tax otherwise payable for that taxable year, the business entity may apply the excess as a credit for succeeding taxable years until the full amount of the excess credit is used.
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