§ 10-734

# (a)

In this section, “qualified vehicle” means a Class F (tractor) vehicle described under § 13–923 of the Transportation Article that is titled and registered in the State.

# (b)

Subject to the limitations of this section, an individual or a corporation may claim a credit against the State income tax for the expense of registering a qualified vehicle in the State.

# (c)

# (1)

For any taxable year, the credit allowed under this section may not exceed the lesser of:

(i) $400 for each qualified vehicle; or

(ii) the State income tax for that taxable year.

# (2)

The unused amount of the credit may not be carried over to any other taxable year.