- Biotechnology Investment Incentive Tax Credit provides an investor with income tax credits equal to 33% or 50% of an eligible investment in a Qualified Maryland Biotechnology Company (QMBC), supporting investment in seed and early stage biotech companies.
- Brownfields Tax Incentive provides incentives including tax credits, loans and grants for the redevelopment of eligible brownfield properties in participating jurisdictions.
- Buy Maryland Cybersecurity (BMC) Tax Credit provides an income tax credit of 50% of the purchase price for Maryland companies with 50 or fewer employees that purchase cybersecurity goods, products or services from Qualified Maryland Cybersecurity Sellers (QMCS).
- Data Center Maryland Sales and Use Tax Exemption Incentive Program — Data centers that locate or expand in Maryland and create new full-time positions may receive an exemption from Maryland sales and use tax on the purchase of qualified data center personal property.
- Employer Security Clearances Costs (ESCC) Tax Credit provides income tax credits for expenses related to federal security clearance costs, construction of Sensitive Compartmented Information Facilities (SCIFs) and first-year leasing costs for small businesses doing security-based contract work.
- Enterprise Zone (EZ) Tax Credits provides real property and state income tax credits for businesses located in a Maryland Enterprise Zone in return for job creation and investments.
- Film Production Tax Credit — A film production entity may be entitled to a refundable tax credit against the Maryland income tax for certain costs incurred in the state that are necessary to carry out a film production activity in Maryland.
- Hire Our Veterans Tax Credit provides a State income tax credit to small businesses for hiring qualified veterans based on wages paid to those veteran employees.
- Innovation Investment Tax Credit provides an investor with income tax credits equal to 33% or 50% of an eligible investment in a Qualified Maryland Technology Company (QMTC), supporting investment in seed and early stage technology companies in designated industries.
- Job Creation Tax Credit Businesses that create a minimum number of new full-time positions may be entitled to state income tax credits of up to $3,000 per job or $5,000 per job in a “revitalization area.”
- Maryland Commuter Tax Credit — A business entity in Maryland may claim a tax credit in an amount equal to 50% of the cost of providing qualified commuter benefits to their employees. The credit may not exceed $100 per individual employee per month.
- Maryland Opportunity Zone Enhancement Credits (State Program) — Enhanced tax credits are available for several of the Maryland Department of Commerce’s tax credit programs for businesses located in federal Opportunity Zones that meet certain requirements.
- Maryland Opportunity Zones (Federal Program) — A nationwide initiative administered by the U.S. Treasury, the program provides federal tax incentives for investment in distressed communities over the next 10 years. The U.S. Treasury has designated Maryland’s 149 Opportunity Zones.
- Maryland Wineries and Vineyards Tax Credit provides an income tax credit for qualified capital expenses related to a Maryland winery or vineyard.
- More Jobs for Marylanders provides new and existing manufacturers and businesses that locate or expand in a Maryland Opportunity Zone with tax incentives tied to job creation for a 10-year period, including a refundable income tax credit, and for manufacturers, encourages additional investment in new equipment through accelerated and bonus depreciation.
- One Maryland Tax Credit — businesses that invest in an economic development project in a Tier 1 County and create a minimum number of new jobs may qualify for a State income tax credit up to $5 million depending on the number of jobs and amount of eligible costs.
- Regional Institution Strategic Enterprise (RISE) Zone Program — A RISE Zone is a geographic area that has a strong connection with a qualified institution and is targeted for increased economic activity and community development. Businesses locating in a RISE Zone or an existing business doing a significant expansion within the Zone, may qualify for real property tax credits and income tax credits related to capital investment and job creation.
- Research and Development Tax Credit — Businesses that have qualified R&D expenditures in Maryland may qualify for the Growth R&D Tax Credit.
- Small Business Relief Tax Credit — Refundable tax credit available to small businesses that provide their employees with paid sick and safe leave.
