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Maryland 2018 Revenue Lost to Tax Abatement Programs

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State-level programs

Click on the name of a program for more details.

Program Name	Program Type	Revenue Loss
Aerospace, Electronics, or Defense Contract Tax Credit	Technology (aerospace)	$7,500,000
Biotechnology Investment Incentive Tax Credit	Technology (biotech)	$13,900,000
Cybersecurity Investment Incentive Tax Credit	Technology (cybersecurity)	$370,000
Enterprise Zone (EZ) Tax Credit	Economic development (EZ)	$700,000
Film Production Activity Tax Credit	Film production	$7,000,000
One Maryland Tax Credit	Capital investment	$8,100,000
Sustainable Communities Tax Credit	Community development	$1,700,000
TABULATED STATE-LEVEL TOTAL		$39,270,000

Tabulated localities and districts

Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.

We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.

For Maryland, the estimated reporting rate is as follows:

Cities/counties: 13 out of 35 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

School districts: 0 out of 24 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for MD. You can also get a CSV file of the localities in MD that did not make any tax abatement disclosures in their annual financial reports.

Why is there little or no reporting from school districts?: Maryland's public schools are component units of counties, though they do have independent financial reporting.

Local government / school district financial audits are posted here.