INCENTIVE DESCRIPTION

State:	MD
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	R&D Credits
Description:	RESEARCH AND DEVELOPMENT TAX CREDIT: Businesses that incur qualified research and development expenses may be entitled to an income tax credit. Basic R&D tax credit is 3% of eligible expenses. The Growth R&D tax credit is 10% 0f eligible expenses.
Eligibility Requirements:	Must invest in R&D activities and submit application to Dept. of Business and Economic Development by 9/15 of the year following the tax year in which the expenses were incurred. The expenses must be eligible under IRC 41.
Geographic Restrictions:	Statewide
Granting Authority:	Dept. of Business and Economic Development

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.