Maryland Enterprise Zone Tax Credits (Maryland)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Maryland

Applies to States or Provinces Maryland
Name Maryland Enterprise Zone 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 State/Province

Program Administrator Maryland Department of Business and Economic Development
Primary Website

Last Review 2014-09-15


Businesses locating in a Maryland Enterprise Zone may be eligible for income tax and real property tax credits in return for job creation and investments. Businesses located in one of two focus areas are also be eligible for personal property tax credits. There are two forms of Enterprise Zone Tax Credits: (1) Ten-year credit against local real property taxes on a portion of real property improvements. The credit is 80% the first five years, and decreases 10% annually to 30 percent in the tenth and final year. (2) One-time income tax credits of $1,000 per new worker. For economically disadvantaged employees, the credit is $6,000 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

Authority 2: Economic Development Article, 5-105 and 5-701 et seq., Annotated Code of Maryland