Credit for wages, child care, and transportation for employees with disabilities

1. Law
2. Maryland Code
3. General
4. Franchise Taxes
5. Financial Institution Franchise Tax
6. Credit for wages, child care, and transportation for employees with disabilities

    A financial institution may claim a credit against the financial institution franchise tax for:

        (1)    wages paid to a qualified employee with a disability; and

        (2)    (i)    child care provided or paid for by a business entity for the children of a qualified employee with a disability as provided under § 21–309 of the Education Article; or

            (ii)    transportation provided or paid for by the business entity for a qualified employee with a disability as provided under § 21–309 of the Education Article.

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