Maryland Aquaculture Oyster Float Credit
An aquaculture oyster float is designed to grow oysters to help restore the oyster population in certain bodies of water. If you purchased a new aquaculture oyster float on or after January 1, 2002, you may be entitled to a Maryland tax credit of up to $500
Eligibility
To qualify for the credit the new float must be purchased on or after January 1, 2002, the float must be specifically designed to grow oysters at or under a homeowner's pier, the float must be buoyant and assist in the growth of oysters for the width of the pier.
(Non)Refundable
Refundable
How To Claim
To claim the credit you must complete Part D of Form 502CR and report the credit on Maryland Form 502, 505 or 515. The credit cannot be claimed on the short Form 503.
Aquaculture Oyster Float Credit