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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateMaryland
Effected JurisdictionMaryland
Jurisdiction type: State
Fiscal year ending In2019
Program nameEnterprise Zone Tax Credit
Program purpose: General Economic Development (EZ)
Statutory authority: Annotated Code of Maryland, Tax Property, Title 9 Subtitle 1, Section 9-103, Tax General Section 10-702, and Economic Development Article Section 5-1401 (e)
Abating jurisdiction(s): Counties and Municipalities in Maryland
Applicable taxesBusiness Income Taxes
Method of abatement: Tax Credit
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $5,700,000
Reimbursement / offset: $0
Net revenue loss: $5,700,000
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.marylandtaxes.gov/reports/acfr.php