1. Maryland Tax – General Code Section $10-721$
  2. Maryland Department of Commerce (DOC)
  3. Comptroller of Maryland
  4. Qualified Research and Development Expenses (QREs)
  5. Maryland Qualified Research and Development Expenses
  6. Maryland Qualified Research and Development
  7. Basic R&D Tax Credit (3% Rate)
  8. Growth R&D Tax Credit (10% Rate)
  9. Maryland Base Amount
  10. Maryland Adjusted Base Amount (Short Year)
  11. Maryland Gross Receipts
  12. Average Annual Gross Receipts (4 Prior Years)
  13. Fixed Base Percentage
  14. Small Business (R&D Credit Definition)
  15. Net Book Value Assets (Small Business Criteria)
  16. Refundable Credit (for Small Businesses)
  17. Non-Small Business (Credit Category)
  18. Annual Statewide Cap (Total Credit)
  19. Small Business Set-Aside (Portion of Cap)
  20. Basic Credit Cap (Allocation Limit)
  21. Growth Credit Cap (Allocation Limit)
  22. Single Applicant Maximum Award Limit ($\$250,000$)
  23. Pro Rata Allocation (Proration)
  24. Application for Certification (Mandatory Pre-Approval)
  25. Application Deadline (November 15)
  26. Certification Letter (Issued by DOC)
  27. Taxable Year
  28. Credit Year
  29. Credit Carryforward Period (7 Taxable Years)
  30. Amended Income Tax Return (Required Filing)
  31. IRC Section 41 (Federal Definition Alignment)
  32. IRC Section 41(c) (Base Amount Definition)
  33. IRC Section 41(d) (Qualified Research Definition)
  34. Business Entity (Sole Proprietorship, Corporation, etc.)
  35. Controlled Group of Corporations (Single Taxpayer Rule)
  36. Proportionate Share (Credit Allocation within Group)
  37. Location Where Services Are Performed
  38. Location Where Supplies Are Consumed
  39. Pass-Through Entities (PTEs)
  40. Acquisition, Consolidation, or Merger (Base Amount Inclusion)
  41. Short Taxable Year
  42. Fiscal Year Taxpayer
  43. Good Standing (Requirement with SDAT)
  44. Wages for Qualified Services
  45. Supplies for Qualified Research
  46. Contract Research Expenses
  47. Technological in Nature (Four-Part Test)
  48. Elimination of Uncertainty (Four-Part Test)
  49. Process of Experimentation (Four-Part Test)
  50. Department of Business and Economic Development (Prior Name of DOC)