Get the POWER of PRO!
Support Center > Knowledge base> Article: Maryland Businesses That Create New Jobs Tax Credit

Maryland Businesses That Create New Jobs Tax Credit

Article ID: 34979 Email Print
Question
Maryland Businesses That Create New Jobs Tax Credit

Answer

To qualify, businesses must be located in Maryland and create new positions or establish or expand business facilities in the state. If a property tax credit (or an enhanced property tax credit) as defined in Section 9-230 of the Tax-Property Article is granted by the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation, certain businesses may be entitled to an income tax credit.

These credits are based on percentages of the property tax liability as certified by the State Department of Assessments and Taxation (SDAT).

MD 500CR Instructions


related articles

Article Details
Views: 267 Created on: Jun 15, 2013
Date updated: Sep 28, 2015
Posted in: STATES, Maryland

Poor Outstanding