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Aquaculture Oyster Float Credit

A credit is allowed for cost of new aquaculture oyster floats that are designed to grow oysters at or under an individual homeowner’s pier. The devices must be buoyant and assist in the growth of oysters for the width of the pier. The credit amount is limited to the lesser of the individual's state tax liability for that year or the maximum allowable credit of $500.

If the credit is more than the tax liability, the unused credit may not be carried forward to another tax year.

To claim the credit, you must complete Part D of Form 502CR and attach to your Maryland income tax return. You must also report the credit on Maryland Form 502, 505 or 515



 
Links for Determine Tax Credits and Deductions
Individual Tax Types
Income Tax
Filing Information
Determine Tax Credits and Deductions
  Aquaculture Oyster Float Credit
  Child and Dependent Care Tax Credit
  Child or Dependent Care Expenses
  College Savings Plans Deductions
  Earned Income Tax Credit
  Heritage Structure Rehabilitation Tax Credit
  Hurricane Tax Relief
  Income Taxes Paid to Other States Credit
  Long-Term Care Insurance Credit
  Neighborhood Stabilization Credit
  Poverty Level Credit
  Preservation and Conservation Easement Credit
  Quality Teacher Incentive Credit
  Solar Energy Grant Subtraction
  Tax Subtraction for Two-Income Families
 
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