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: | 2020 |
Program name: | One Maryland Tax Credit |
Program purpose: | Capital investment |
Statutory authority: | Annotated Code of Maryland: Economic Development Title 6, Subtitle 4, Section 6-401-6-406 |
Abating jurisdiction(s): | State of Maryland |
Applicable taxes: | Business Income Tax |
Method of abatement: | Tax Credit |
Provisions for recapture: | (no provisions for recapture) |
Gross revenue loss: | $10,990,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $10,990,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.marylandtaxes.gov/reports/acfr.php |