INCENTIVE DESCRIPTION

State:	MD
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Investment Credits
Description:	1. GREEN BUILDINGS TAX CREDITt:Businesses that construct or rehabilitate a building that conforms to specific standards intended to save energy and to mitigate environmental impact may take an income tax credit for a portion of the costs. 2. ONE MARYLAND ECONOMIC DEVELOPMENT TAX CREDIT: Income tax credits for the establishment or expansion of facilities and creation of jobs in a priority funding area or in a distressed county. See jobs tax credit. 3. WATER QUALITY IMPROVEMENT TAX CREDIT: Income tax credit for the additional commercial fertilizer costs necessary to convert agricultural production to a certified nutrient management plan.
Eligibility Requirements:	1. Must contruct or rehab a building with at least 20,000 square fee of interior space with usage restrictions. Must be located in a priority funding area or qualified brownfields site and not on wetlands. If a rehab and not located in these areas, the credit will still apply if the increase in square footage is 25% or less. 2. See Jobs Tax Credit. 3. Must submit a nutrient management plan to MD Dept. of Agriculture.
Geographic Restrictions:	Statewide
Granting Authority:	Comptroller of MD

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.