Code of Maryland Regulations Title 24 - DEPARTMENT OF COMMERCE
Here’s a refined overview of COMAR Title 24 – Department of Commerce:
📘 Title 24 Overview
Subtitle 01 – Office of the Secretary
Chapters 24.01.01 to 24.01.07 cover topics like corporate governance, petitions, and particularly Chapter 24.01.07 sets out Corporate Diversity requirements, including definitions, how businesses qualify for state benefits, and enforcement provisions (law.cornell.edu).
Subtitles 02–04
These sections are currently vacant—no regulations under them .
Subtitle 05 – Economic Development
Extensive regulations in Chapter 24.05.01 onward. For example, Chapter 24.05.24 (One Maryland Economic Development Tax Credits) outlines eligibility, certification, calculations, credit limits, and administration of both start‑up and project tax credits (commerce.maryland.gov).
🔍 Key Highlights
Corporate Diversity (Subt. 01, Ch. 24.01.07)
Defines terms such as “diversity,” “minority-owned business,” “State benefit.”
Sets participation and reporting requirements.
Covers administration, benefit calculation, audits, repayment, and waivers (law.cornell.edu).
One Maryland Tax Credits (Subt. 05, Ch. 24.05.24)
Who qualifies: Businesses expanding or starting in “qualified distressed” counties.
Types of credits: Start‑up (up to $500K) and Project (up to $5M).
Eligibility criteria: Job creation thresholds, eligible costs, wage floors, certification processes.
Claiming & carryover: Detailed timelines and tax-credit usage rules (commerce.maryland.gov).
🧭 Accessing the Full Text
Official PDFs provided by Maryland Department of Commerce:
Tax credit regs (Chapter 24.05.x): “One Maryland Economic Development Tax Credits” (commerce.maryland.gov)
E‑nnovation & other programs (Chapter 24.05.22): via COMAR site (commerce.maryland.gov)
Third-party hosts:
Casetext and Justia offer browsable versions (may lag behind updates) (casetext.com)
Cornell’s LII site lists chapter headings and contents for Subtitle 01 (law.cornell.edu)
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