Focus Area Tax Credits (Maryland)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Maryland
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
Active Policy Yes
Implementing Sector Local

Program Administrator Maryland Department of Business and Economic Development
Primary Website

Last Review 2014-09-15


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.

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 24.05.01