One Maryland Tax Credit (Maryland)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maryland



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
Active Policy Yes
Implementing Sector Local















Primary Website http://www.choosemaryland.org/businessresources/Pages/OneMarylandTaxCredit.aspx
Applicable Jurisdiction Qualified Distressed Counties


Last Review 2014-09-15



Summary

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.


Policy Contact

Department Maryland Department of Business and Economic Development
Address 401 E. Pratt Street
Place Baltimore, Maryland
Zip/Postal Code 21202
Phone 1.888.Choose.MD
Phone 2 410-767-6300



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
















References