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: | Maryland |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Sustainable 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 taxes: | Business or Individual Income Taxes |
| 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: | $10,300,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $10,300,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.marylandtaxes.gov/reports/acfr.php |
