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Businesses that Create New Jobs Tax Credit (Maryland)

Eligibility 
Agricultural
Commercial
Industrial
Savings Category 
Fuel Cells
Photovoltaics
Program Info
State 
Maryland
Program Type 
Corporate Tax Incentive
Provider 
Maryland Department of Assessments and Taxation

Businesses located in Maryland that create new positions and establish or expand business facilities in the state may be entitled to a Businesses that Create New Jobs Tax Credit. To be eligible, businesses must first have been granted a property tax credit by a local government for creating the new jobs. The credit may be taken against corporate income tax, personal income tax or insurance premium tax. The business must create at least 25 new positions as part of the new or expanded business facility, 5,000 square feet or more, in Maryland.