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.
State or Territory: | Maryland |
Effected Jurisdiction: | Cecil County |
Jurisdiction type: | County |
Fiscal year ending In: | 2019 |
Program name: | Enterprise Zone Credits |
Program purpose: | General Economic Development |
Statutory authority: | The Tax - Property Article, Section 9-103 of the Maryland Annotated Code |
Abating jurisdiction(s): | State of Maryland |
Applicable taxes: | Real Property Tax |
Method of abatement: | Tax Credit |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $1,691,715 |
Reimbursement / offset: | $845,858 |
Net revenue loss: | $845,857 |
Type of loss: | Passive |
Additional notes on dislosure: | State reimburses the County half of the credits |