Sec. 14.26.06.06. Initial Credit Certification

Latest version.

A. On application by a taxpayer, the Administration shall issue an initial credit certificate if the taxpayer has demonstrated that the taxpayer will, within the next 12 months, produce electricity from qualified energy resources at a qualified Maryland facility.

B. The initial credit certificate issued under this regulation shall:

(1) State the maximum amount of credit that may be claimed by the taxpayer over a 5-year period;

(2) State the earliest tax year for which the credit may be claimed; and

(3) Expire after the fifth consecutive tax year beginning with the earliest tax year for which the credit may be claimed.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');