Tax Credits

Baltimore County Programs:

Tax Exempt Bond financing is available to manufacturers and 501(c)(3) non-profit organizations. Bond proceeds may be used to finance the acquisition and improvement of land, buildings, plant and equipment, including new construction or facility expansion. Financing is available from $1 million to a maximum of $20 million. Industrial Revenue Bonds are also available for pollution control and waste treatment facility construction or related equipment purchases.

The State Income Tax Credit Eligible companies located in the Enterprise Zone can benefit from a state income tax credit for newly hired employees. A credit is available for each new, full-time job created in the Enterprise Zone. A company can receive a one-time credit up to $1,000 per new employee. Additionally, if the new job is filled by a worker meeting certain “disadvantaged” criteria, the credit increases up to $3,000. If the disadvantaged employee is still working in the second and third year, the company can receive additional credits up to $2,000 and $1,000 respectively.

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