MARYLAND TAX-GENERAL § 10-722 TITLE 10. INCOME TAX SUBTITLE 7--INCOME TAX CREDITS
Current through end of 2002 Regular Session. (a)(1) In this section the following words have the meanings indicated.
(2) "Administration" means the Maryland Energy Administration.
(3)(i) "Allowable costs" means amounts properly chargeable to capital account, other than for land, that are paid or incurred on or after July 1, 2001, for:

1. Construction or rehabilitation;
2. Commissioning costs;
3. Interest paid or incurred during the construction or rehabilitation period;
4. Architectural, engineering, and other professional fees allocable to construction or rehabilitation;
5. Closing costs for construction, rehabilitation, or mortgage loans;
6. Recording taxes and filing fees incurred with respect to construction or rehabilitation; and
7. Finishes and furnishings consistent with the regulations adopted by the Administration under this section, lighting, plumbing, electrical wiring, and ventilation.