INCENTIVE DESCRIPTION

State:	MD
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Property Tax Credits
Description:	1. ELECTRIC AND GAS UTILITY TAX CREDITt: Electric and gas public utilities may claim an income tax credit of up to 60% of the total property taxes paid. 2. TELECOMMUNICATIONS PROPERTY TAX CREDIT: Telecommunications companies may claim an income tax credit of up to 60% of the total property taxes paid.
Eligibility Requirements:	1. Public utilities must have paid property taxes on its operating real property used to generate electricity or steam for sale. Alternatively, the company must be a multi-jurisdictional electric company that is headquartered in MD. 2. Available to public utilities that are telecommunications companies, and must have paid property taxes on operating real property used in its business.
Geographic Restrictions:	Statewide
Granting Authority:	Comptroller of Maryland

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.