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 Note: This tax credit is no longer applicable to pass-through entities because once the credit is earned and passed on to the members, the members (and not the pass-through entity) will track any carryover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.
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