Code of Maryland Regulations
Title 24 - DEPARTMENT OF COMMERCE
Subtitle 05 - ECONOMIC DEVELOPMENT
Chapter 24.05.03 - Biotechnology Investment Incentive Tax Credit
Section 24.05.03.03 - Applications for Certificate of Eligibility for Tax Credit

Universal Citation: MD Code Reg 24.05.03.03

Current through Register Vol. 51, No. 6, March 22, 2024

A. Biotechnology Investment Incentive Tax Credit Application. To claim eligibility for a tax credit and to be initially certified as eligible for a tax credit, an applicant shall submit to the Department, not less than 30 days before making an investment in a qualified Maryland biotechnology company, an application on a form approved by the Department.

B. An applicant may not file an application earlier than June 1 of the State fiscal year immediately preceding the State fiscal year in which the applicant intends to make the investment and claim eligibility for a tax credit.

C. Each application shall include the following:

(1) The legal name of the applicant;

(2) The street address of the principal place of business of the applicant, or the street addresses of the principals of the applicant, and the applicant's email address and telephone number;

(3) Except in the case of an individual applicant, the business mailing address, telephone number, and email address of an individual with authority to act on behalf of the applicant;

(4) The federal employer identification number of the applicant or, if the applicant is an individual, the Social Security number of the applicant; and

(5) Any other information required or requested by the Department.

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