« Return to search form

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.

State or TerritoryMaryland
Effected JurisdictionMaryland
Jurisdiction type: State or Territory
Fiscal year ending In2020
Program nameOne 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 taxesBusiness 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 sourcehttps://www.marylandtaxes.gov/reports/acfr.php