- Global Oyster Culture REstoration Projects -

• Oyster float tax credit: A credit that can be claimed against a Maryland state income tax for the cost of new aquaculture oyster floats. The credit is equal to the purchase price of the floats, up to a maximum of $500 per year for individuals or $1,000 per year for couples filing jointly. To claim the credit, complete Part D of Form 502CR and attach it to a Maryland income tax return. 
• Oyster shell recycling credit: A nonrefundable tax credit for each bushel of oyster shells recycled. 
• Oyster aquaculture credit: A credit that can be generated for oysters harvested and sold. The amount of the credit depends on the size of the oyster, with small credits for oysters at least 2 inches in size, medium credits for oysters between 2.5 and 3.49 inches, large credits for oysters between 3.5 and 4.49 inches, and extra large credits for oysters larger than 4.5 inches. The Maryland Department of the Environment (MDE) reviews applications and verifies credits, which are then published on the Water Quality Trading Register and Marketplace for sale. 

Oyster Aquaculture_FAQ.pdf