Fillable Form 2014: MW508CR BUSINESS INCOME TAX CREDITS MARYLAND (Comptroller of Maryland)

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Form 2014: MW508CR BUSINESS INCOME TAX CREDITS MARYLAND (Comptroller of Maryland)

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MARYLAND
FORM
MW508CR
BUSINESS INCOME TAX
CREDITS
To be used by non-profit 501(c)(3)
organizations only. ATTACH TO
YOUR MW508.
COM/RAD 049 Rev. 10/14
Federal Employer Identification Number Central Registration Number
Name as shown on Form MW508
2014
Please Print using blue or black ink
PART C - MARYLAND DISABILITY EMPLOYMENT TAX CREDIT
PART C - I CREDIT FOR EMPLOYEES WITH A DISABILITY
1. Numberofqualiedemployees.Firstyear Secondyear
2. Creditforrstyear(30%ofrst$6,000ofwagespaidtoeachemployee) .............. 2
3. Creditforsecondyear(20%ofrst$6,000ofwagespaidtoeachemployee) ............ 3
4. Total(Addlines2and3.) ................................................. 4
PART C - II CREDIT FOR CHILD CARE AND TRANSPORTATION EXPENSES
5. Numberofqualiedemployees.Firstyear Secondyear
6. Creditforrstyear(limitedtoacombinedtotalof$600inchildcareandtransportation
expensesperqualiedemployeewithadisability) ............................... 6
7. Creditforsecondyear(limitedtoacombinedtotalof$500inchildcareand
transportationexpensesperqualiedemployeewithadisability) ..................... 7
8. Total(Addlines6and7.) ................................................. 8
PART C - SUMMARY
9. Total Maryland Disability Employment Tax Credit for the current tax year
(Addlines4and8.) ..................................................... 9
PART M - COMMUTER TAX CREDIT
1. Amountofcommuterbenetspaid .......................................... 1
2. Enter50%ofline1 ..................................................... 2
3. Numberofemployeesforwhichcommuterbenetswerepaid ....................... 3
4. Multiplythenumberofemployee-months by$50 .......................... 4
5. Enter the lesser of line 2 or line 4 ........................................... 5
PART W - BUSINESS TAX CREDIT SUMMARY
1. TotalMarylandDisabilityEmploymentTaxCreditfromPartC,line9 ................... 1
2. TotalCommuterTaxCreditfromPartM,line5 .................................. 2
3. Total(Addlines1and2.)Enteronline3bofFormMW508 ......................... 3
COM/RAD 049 Rev. 10/14
MARYLAND
FORM
MW508CR
BUSINESS INCOME TAX CREDITS
INSTRUCTIONS
To be used by non-profit 501(c)(3) organizations
only. ATTACH TO YOUR MW508.
page 2
GENERAL INSTRUCTIONS
Purpose MW508CR is used to claim the following business tax
creditsagainstemployerwithholdingtax(tax-exemptorganizations
only).Beginningwith2013,thepaperversionofForm500CRhas
been discontinued. Form MW508CR has been created to allow
employerswhoare tax-exemptunderIRC501(c)(3)toclaima
business tax credit against the Maryland withholding tax. See
AdministrativeRelease34formoreinformation.
Tax Credit Part
Commuter Tax Credit* M
Maryland Disability Employment Tax Credit* C
*Tax-exempt organizations For application of these credits
against employer withholding tax, complete and attach Form
MW508CR to Form MW508 (Annual Employer Withholding
ReconciliationReturn).SeeAdministrativeRelease34.
Tax Year or Period Use this form to accompany the 2014 Form
MW508.
When and Where to File Form MW508CR must be attached to
theannualreturn(FormMW508)andledwiththeComptroller
of Maryland, Revenue Administration Division, 110 Carroll
Street, Annapolis, Maryland 21411-0001.
PART C - MARYLAND DISABILITY EMPLOYMENT TAX
CREDIT
General Requirements Businesses that employ persons with
disabilities,asdeterminedbytheDivisionofRehabilitationServices
(DORS)intheMarylandStateDepartmentofEducationand/orbythe
MarylandDepartmentofLabor,LicensingandRegulation(DLLR)
maybeeligiblefortax creditsfor wagespaidto,andfor child
care expenses and transportation expenses paid on behalf of,
qualiedemployees.
Qualifyingemployeeswithadisabilityarethosewhoarecertied
assuchbytheDORS(orbytheDLLRforadisabledveteran).
Forcerticationorforadditionalinformation,contact:
Division of Rehabilitation Services
2301ArgonneDrive
Baltimore,MD21218
1-888-554-0334
dors@dors.state.md.us
ortheDepartmentofLabor,LicensingandRegulationat
410-767-2047
taxcredit@dllr.state.md.us
A“QualiedEmployee”withadisabilitymeansanindividualwho:
1. meets the denitionof an individualwith a disability as
denedbytheAmericanswithDisabilityAct;
2. has a disability that presently constitutes an impediment
to obtaining or maintaining employment or to transitioning
fromschooltowork;and
3. isreadyforemployment;or
4. is a veteran who has been discharged or released from
active duty by the American Armed Forces for a service-
connected disability.
This credit may not be claimed if the Employment Opportunity
TaxCredithasbeenclaimedforthatemployee.Inaddition,an
employee must not have been hired to replace a laid-off employee
or to replace an employee who is on strike or for whom the
business simultaneously receives federal or state employment
trainingbenets.
Qualifying child care expenses are those expenses incurred by
abusinesstoenableaqualiedemployeewithadisabilitytobe
gainfully employed.
Transportation expenses are those expenses incurred by a
businessentitytoenableaqualiedemployeewithadisability
to travel to and from work.
Specic Requirements
Part C-I Credit for employees with a disability hired A credit
is allowed for each new employee with a disability for a two-year
periodbeginningwiththeyeartheemployeewasqualied.The
creditforeachdisabledemployeehiredisequalto30%oftherst
$6,000ofqualiedrstyearwagesand20%oftherst$6,000
ofqualiedsecondyearwages.
The employer is not entitled to claim the credit until employment
hascontinuedforatleastonefullyearunlesstheemployee:(a)
voluntarilyleavestheemployer,(b)becomesfurtherdisabledor
deathoccursor(c)isterminatedforcause.Thecreditmustbe
prorated for the portion of the year the employee worked unless
the employee voluntarily left to take another job.
Part C-II Credit for Child Care and Transportation Expenses
An additional credit is allowed for expenses incurred by the
employer for approved day care services for a child or children
ofaqualiedemployee,orfortransportationexpensesthatare
incurredtoenableaqualiedemployeetotraveltoandfromwork.
Acreditofupto$600isallowedfortherstyearofemployment
andupto$500forthesecondyear.Toverifyifachildcarecenter
qualies as an approved provider, contact the Department of
HumanResources,ChildCareAdministratorforthecountyorcity
in which the child care center is located.
Part C-Summary Add lines 4 and 8.
PART M - COMMUTER TAX CREDIT
A credit is allowed for businesses that conduct or operate a trade
orbusinessinMarylandandprovidecommuterbenetsfortheir
employees.
The business must pay a portion of the cost of travel between the
employee’shomeandtheworkplace.Qualiedcommuterbenets
includethecostoftransitinstruments(tickets,passes,vouchers,
farecards,smartcardsandtokens)usedtotransportanemployee
of the business to or from home and the workplace. The portion of
thecostanemployerpaystoprovidea“GuaranteedRideHome”
programorforaparking“Cash-Out”programfortheiremployees
alsoarequaliedcommuterbenets.
Travelmustbeonaqualiedmasstransitvehicleorsystem,or
in a vanpool. The vanpool vehicle must seat at least 8 adults and
be used primarily to transport employees between home and the
workplace.
Thecreditisthelesserof50%ofthecostofprovidingcommuter
benetsor$50permonthforeachemployee.
Formoreinformationcontact:
MassTransitAdministration,MarketingDivision
6St.PaulStreet,3rdFloor
Baltimore,MD21202-1614
410-767-8755
www.commuterchoicemaryland.com
PART W - BUSINESS TAX CREDIT SUMMARY
Thispartistosummarizeallavailabletaxcreditsreportedonthis
form. If the total credits available in a particular tax year exceed
thewithholdingtaxdevelopedforthatyear,theexcessmaynot
be refunded.
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Form 2014: MW508CR BUSINESS INCOME TAX CREDITS MARYLAND (Comptroller of Maryland)

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Completed 14 August 2020

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