Focus Area Tax Credits (Maryland)
Last modified on February 12, 2015.
|Applies to County||Baltimore City and Prince George's County|
|Name||Focus Area Tax Credits (Maryland)|
|Policy Category||Financial Incentive|
|Policy Type||Enterprise Zone|
|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|
|Program Administrator||Maryland Department of Business and Economic Development|
Focus Area Tax Credits for businesses in Baltimore City or Prince George’s County enterprise zones include: (1) Ten-year, 80% credit against local real property taxes on a portion of real property improvements. (2) Ten-year, 80% credit against local personal property taxes on new investment in personal property. (3) A one-time $1,500 income tax credit per new employee. For economically disadvantaged employees, the credit is $9,000 per employee over three years.
|Department||Maryland Department of Business and Economic Development|
|Address||401 E. Pratt Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||COMAR 24.05.01|