§ 10-734
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/md/tax-general/10-734A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–734.
(a)In this section, “qualified vehicle” means a Class F (tractor) vehicle described under § 13–923 of the Transportation Article that is titled and registered in the State.
(b)Subject to the limitations of this section, an individual or a corporation may claim a credit against the State income tax for the expense of registering a qualified vehicle in the State.
(1)For any taxable year, the credit allowed under this section may not exceed the lesser of:
(i)$400 for each qualified vehicle; or
(ii)the State income tax for that taxable year.
(2)The unused amount of the credit may not be carried over to any other taxable year.