INCENTIVE DESCRIPTION

State: MD
Incentive Type: Property Tax Incentives
Incentive Title: Property Tax Abatements
Description: 1. Brownfields Revitalization Incentive Program: Property tax credits for developments in designated Brownfields areas. 2. Manufacturing and R&D Exemption: Local governments are authorized to exempt from taxation personal property used in manufacturing. 3. Personal Property Tax Exemptions: a) Many municipalities and counties offer full personal property exemption for manufacturing machinery, equipment, materials and supplies; b) Manufacturing inventory is exempt in all counties and Baltimore city; c) Commercial inventory for warehouse/distribution is exempt (except a partial exemption in Wicomico County); d) Customized computer software is exempt, and local jurisdictions may grant a tax credit for off-the-shelf software; e) Local jurisdictions may grant further tax exemptions and credits.
Eligibility Requirements: 1. Must be located in a designated Brownfield area. 2. Available to manufacturers or those involved in research and development. 3. Varies depending on type of property and location.
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.