Sec. 14.26.06.09. Cancellation of Credit

A. Over a 3-year period, if a taxpayer does not claim on average at least 10 percent of the maximum credit amount stated in the initial credit certificate, the Administration may cancel an amount of the taxpayer's initial credit certificate equal to the product of multiplying:

(1) The amount of the credit on average that was not claimed over the 3-year period; and

(2) The remaining number of tax years that the taxpayer is eligible to take the credit.

B. An applicant for an initial credit certificate or a taxpayer whose credits have been canceled under §A of this regulation may appeal a decision by the Administration to the Office of Administrative Hearings in accordance with State Government Article, Title 10, Subtitle 2, Annotated Code of Maryland.