Comptroller of Maryland
Endowments of Maryland Historically Black Colleges and Universities Income Tax Credit
TAX CREDIT CERTIFICATE APPLICATION
This application is for a credit against the State income tax for 25% of a donation made to a qualified permanent
endowment fund at Bowie State University, Coppin State University, Morgan State University, or University of
Maryland Eastern Shore. The Comptroller may award a total of $240,000 each year, with a maximum of $60,000 in
tax credits to each of the four institutions. If the maximum amount for an institution is not awarded in the tax year,
the tax credits can be awarded for the institution in the next tax year. The tax credit terminates December 31, 2023.
Email-only applications should be sent to: HBCUtaxinfo@comp.state.md.us
For tax year 2019, applications will be accepted beginning July 1, 2019 at 8 a.m.
All fields are required to be filled out. The application form must be sent as an email attachment. Incomplete
applications will not be processed.
Applications must be received in a timely manner, and are approved on a first-come, first-serve basis, until the
maximum amount of authorized credits are reached. The amount of credit may not exceed the tax liability imposed in
the year. A taxpayer claiming the credits is required to add back the amount of the credit to Maryland adjusted gross
income or Maryland modified income, to the extent excluded from federal adjusted gross income.
NAME OF FUND DONATION IS PROPOSED:
INSTITUTION OF HIGHER EDUCATION: Check the appropriate box.
Bowie State University Coppin State University
Morgan State University University of Maryland, Eastern Shore
Donor Type: Individual Business SSN or Federal ID: _______________
Signature of Donor or Authorized Representative Date
Name Title (if applicable)
Name of business or trust (if applicable)
Phone E-mail address
click to sign
click to edit