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Green Building Tax Credit

This credit expired as of December 31, 2011 and no new applications are being accepted. 

Businesses that constructed or rehabilitated a building conforming to specific standards intended to save energy and to mitigate environmental impact may have been able to take a credit for a portion of the cost. The total amount of initial credits certified for all taxpayers each year were subject to statutory limitations.

The tax credit is limited to the State portion of the income tax. Excess credits can be carried over for up to 10 years beginning with the tax year in which the credit was earned.

The credit was taken against corporate income tax or personal income tax. Sole proprietorships, corporations and pass-through entities, such as partnerships, subchapter S corporations, limited liability companies and business trusts were eligible to claim or pass on the tax credit. Note: This tax credit is no longer applicable to pass-through entities because once the credit is earned and passed on to the members, the members (and not the pass-through entity) will track any carryover period. claim the tax credit.

Electronic Filing required:

For Tax Years beginning after December 31, 2012, the carryover of the excess Green Building income tax credit must be requested on an electronic return completing the Form 500CR section of the electronic return.

Contact:

Comptroller of Maryland
Revenue Administration Division
110 Carroll Street
Annapolis, MD 21411-0001
Phone: 410-260-7980 from Central Maryland,
1-800-MD TAXES from elsewhere
E-mail: taxhelp@comp.state.md.us



 
Links for Business Tax Credits
General Information
Business Tax Credits
  Bio-Heating Oil Tax Credit
  Biotechnology Investment Incentive Tax Credit
  Businesses That Create New Jobs Tax Credit
  Cellulosic Ethanol Technology Research and Development Tax Credit
  Clean Energy Incentive Tax Credit
  Community Investment Tax Credit
  Commuter Tax Credit
  Cybersecurity Investment Incentive Tax Credit
  Electric Vehicle Recharging Equipment Tax Credit
  Employer-Provided Long-Term Care Insurance Tax Credit
  Employer Security Clearance Costs Tax Credits
  Employment Opportunity Tax Credit
  Enterprise Zone Tax Credit
  Film Production Activity Tax Credit
  Green Building Tax Credit
  Health Enterprise Zone Hiring Tax Credit
  Job Creation Tax Credit
  Long-Term Employment of Ex-Felons Tax Credit
  Maryland Disability Employment Tax Credit
  Maryland-Mined Coal Tax Credit
  One Maryland Economic Development Tax Credit
  Oyster Shell Recycling Tax Credit
  Qualified Vehicle Tax Credit
  Research and Development Tax Credits
  Heritage Structure Rehabilitation Tax Credit
  Work-Based Learning Program Tax Credit
  Wineries and Vineyards Tax Credit
  Endow Maryland Tax Credit
 
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