# COMAR 24.05.20.09: COMAR 24.05.20.09. Carryover of Tax Credit

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_09

## Section

- **Citation:** COMAR 24.05.20.09
- **Heading:** COMAR 24.05.20.09. Carryover of Tax Credit
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 24 DEPARTMENT OF COMMERCE / Subtitle 05 ECONOMIC DEVELOPMENT / Chapter 20 Job Creation Tax Credit / COMAR 24.05.20.09

## Text

A. A business entity may carry over the tax credit to a successive tax year if the tax credit allowed exceeds the total tax otherwise due from the entity.
B. The tax credit may only be carried over until the earlier of the:
(1) Full amount of the excess is used; or
(2) Expiration of the fifth taxable year from the credit year.
C. The tax credit may not be carried back to a preceding taxable year.

## Nearby sections

- [COMAR 24.05.20.01 COMAR 24.05.20.01. Objective](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_01.md)
- [COMAR 24.05.20.02 COMAR 24.05.20.02. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_02.md)
- [COMAR 24.05.20.03 COMAR 24.05.20.03. Scope and Administration](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_03.md)
- [COMAR 24.05.20.04 COMAR 24.05.20.04. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_04.md)
- [COMAR 24.05.20.05 COMAR 24.05.20.05. Notification Required](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_05.md)
- [COMAR 24.05.20.06 COMAR 24.05.20.06. Certification Procedures](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_06.md)
- [COMAR 24.05.20.07 COMAR 24.05.20.07. Eligible Business Activities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_07.md)
- [COMAR 24.05.20.08 COMAR 24.05.20.08. Amount of Tax Credit](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_08.md)
- [COMAR 24.05.20.09 COMAR 24.05.20.09. Carryover of Tax Credit](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_09.md)
- [COMAR 24.05.20.10 COMAR 24.05.20.10. Recapture Provisions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_10.md)
- [COMAR 24.05.20.11 COMAR 24.05.20.11. Information Required from Entity](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_11.md)
- [COMAR 24.05.20.12 COMAR 24.05.20.12. Confidentiality Protections for Business Entities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_12.md)
- [COMAR 24.05.20.14 COMAR 24.05.20.14. Waiver](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_20_09. Check the current official text before relying on it. Not legal advice.