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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.

Effected JurisdictionMaryland
Jurisdiction type: State
Fiscal year ending In2020
Program nameSustainable Communities Tax Credit
Program purpose: Construction/rehabilitation
Statutory authority: Annotated Code of Maryland; State Finance and Procurement Article; Section 5A-303
Abating jurisdiction(s): State of Maryland
Applicable taxesBusiness Income Tax; Personal Income Tax
Method of abatement: Tax Credit
Provisions for recapture: A pro-rated percentage of the credit is subject to recapture if disqualifying work is performed or the certified rehabilitation is disposed of during the 5 year period that begins with the year the certified rehabilitation was completed.
Gross revenue loss: $3,417,000
Reimbursement / offset: $0
Net revenue loss: $3,417,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.marylandtaxes.gov/reports/acfr.php