Tuesday, March 17, 2009

TDM Financial Incentives Offered at the State Level

Maryland
An individual or corporation may claim a credit against the State income tax for the cost of providing commuter benefits to the business entity's employees as provided under An employer can receive a tax credit up to of 50% of a $100 benefit for providing eligible commuter expenses for their employees. The maximum value of the tax credit is $50 per month, per employee. More info on how it works from Maryland Department of Transportation. See Maryland Code: TAX- GENERAL Title 10: Income Tax Subtitle 7. Income Tax Credits Section 10-715. For providing employee commuter benefits and Maryland Code : ENVIRONMENT : Title 2: Ambient Air Quality Control. Subtitle 9. Tax Credits for Employer-Provided Commuter Benefits. Section 2-901. Established. (for rates).

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