Businesses that Create New Jobs Tax Credit (Maryland)

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Last modified on February 12, 2015.

EZFeed Policy

Place Maryland


   
Applies to States or Provinces Maryland
Name Businesses that Create New Jobs Tax Credit (Maryland)
Policy Category Financial Incentive
Policy Type Corporate Tax Incentive
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://taxes.marylandtaxes.com/Resource_Library/Tax_Publications/Business_Tax_Credits/Businesses_That_Create_New_Jobs_Tax_Credit.shtml



Last Review 2014-09-15



Summary

Businesses located in Maryland that create new positions and establish or expand business facilities in the state may be entitled to a Businesses that Create New Jobs Tax Credit. To be eligible, businesses must first have been granted a property tax credit by a local government for creating the new jobs. The credit may be taken against corporate income tax, personal income tax or insurance premium tax. The business must create at least 25 new positions as part of the new or expanded business facility, 5,000 square feet or more, in Maryland.



Policy Contact

Department Maryland Department of Assessments and Taxation

Address 301 W. Preston Street

Place Baltimore, Maryland
Zip/Postal Code 21201-2395
Phone 410-767-1191


Email taxcredits@dat.state.md.us

     
     


















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