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: | Aerospace, Electronics, or Defense Contract Tax Credit |
| Program purpose: | Technology (aviation) |
| Statutory authority: | Annotated Code of Maryland, Tax General, Title 10, Subtitle 7 Section 10-737 |
| Abating jurisdiction(s): | State of Maryland |
| Applicable taxes: | Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | The credit must be recaptured if during either of the 2 years after the credit year the number of qualified positions falls below a rolling average over the past 2 years of 10,000. If the credit is required to be recaptured, the credit is recomputed and reduced |
| Gross revenue loss: | $7,500,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $7,500,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.marylandtaxes.gov/reports/acfr.php |
