Enterprise Zone Tax Credit PercentagesFind more information from the following link(s):
The Enterprise Zone tax credit is based on the increase in the real property assessment for each of the next 10 years compared to the base-year assessment. The credit will be given on the actual taxes that result from the increase in assessment, using the following rate schedule: Year 1 through 5 Credit equals 80%; Year 6 Credit equals 70%; Year 7 Credit equals 60%; Year 8 Credit equals 50%; Year 9 Credit equals 40% and Year 10 Credit equals 30% of assessment increase versus the base year. The State of Maryland also grants a tax credit for businesses that locate in Enterprise Zones. However the State's credit is for State income taxes and is related to the number of new employees (in the Enterprise Zone) that a business hires.
Enterprise Zone Tax Credit
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