{"data":{"id":"us-md/md.-code-tax-general-10-724","jurisdiction":"us-md","citation":"Md. Code, Tax - General § 10–724","heading":"","body":"(a) In this section, “aquaculture oyster float” means a device that is:\n(1) purchased new;\n(2) specifically designed for the purpose of growing oysters at or under an individual homeowner’s pier; and\n(3) constructed to be fully buoyant and facilitate the growth of oysters for the width of the pier.\n(b) Subject to the limitations of this section, an individual may claim a credit against the State income tax in an amount equal to 100% of the purchase price of aquaculture oyster floats purchased during the taxable year.\n(c) (1) For any taxable year, the credit allowed under this section may not exceed the lesser of:\n(i) $500; or\n(ii) the State income tax imposed for the taxable year calculated before the application of the credits allowed under this section and under §§ 10-701 and 10-701.1 of this subtitle but after the application of any other credit allowed under this subtitle.\n(2) The unused amount of the credit may not be carried over to any other taxable year.","path":["Article - Tax - General"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gtg\u0026section=10-724","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:18Z","sha256":"77505818b00f74e19e9f0f593d5eafa315ca00ee8b98292db61b4faf82a502cf","source_id":"us-md","stale":false,"prev":"us-md/md.-code-tax-general-10-723","next":"us-md/md.-code-tax-general-10-725"},"notice":"GroundRules: Original legal text. Not legal advice."}