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A co-generator, a public service company, or an electricity supplier that purchases coal mined in Maryland may be eligible for a tax credit.
The credit may be taken against corporate income tax, personal income tax, or public service company franchise tax. The same credit may not, however, be applied to more than one tax type. Sole proprietorships, corporations and pass-through entities, such as partnerships, subchapter S corporations, limited liability companies and business trusts may claim the tax credit. To Qualify For The Credit The business must purchase Maryland-mined coal during the tax year. To take the credit against the income tax, an electricity supplier must not have been an electric company before July 1, 1999, and both co-generators and electricity suppliers must not be subject to the public service company franchise tax. For More Information, Contact: Revenue Administration Division Comptroller of Maryland (410)260-7980 from Central Maryland, 1-800-MD-TAXES from elsewhere.
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