One Maryland Tax Credit (Maryland)
Last modified on February 12, 2015.
|Name||One Maryland 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|
|Applicable Jurisdiction||Qualified Distressed Counties|
The One Maryland Tax Credit applies to businesses that invest in an economic development project in a “qualified distressed county.” Project tax credits may be up to $5 million and start-up tax credits may be up to $500,000. The business must create at least 25 full-time positions within 24 months.
|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 24.05.23|
|Authority 2:||COMAR 24.05.24|
|Authority 3:||Economic Development Article, 6-401 et seq., Annotated Code of Maryland|