Cellulosic Ethanol Technology Research & Development Tax Credit

Cellulosic Ethanol Technology Research & Development (CETR&D) Tax Credit provides an income tax credit for costs incurred by Maryland businesses for qualified cellulosic ethanol technology research and development expenses. A business may be qualified for a tax credit against the Maryland income tax in amount equal to 10 percent of the Maryland qualified research and development expenses paid or incurred by the business during the taxable year. To be qualified to receive the CETR&D tax credit, a business must apply to, and be certified by the Maryland Department of Commerce. The credit is available for taxable years beginning after December 31, 2007, but before January 1, 2017.

For more information or to apply, please visit commerce.maryland.gov