Enterprise Zone Tax Credits (EZ)

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The EZ program provides real property and state income tax credits for businesses located in a Maryland enterprise zone in return for job creation and investments. Businesses located in Focus Areas may be also qualified for personal property tax credits on new investment in personal property and enhanced income tax credit for creating new jobs.

There are 31 Enterprise Zones in 19 jurisdictions, and 6 designated focus areas in one jurisdiction.

County Enterprise Zone Acres Expires Allegany Rt. 220 South-Allegany County 380 12/14/2029 Anne Arundel Brooklyn Park 472 6/14/2032 Baltimore City Baltimore City 16,797.51 6/14/2032 Baltimore County Chesapeake 5,713 12/14/2034 Southwest-Baltimore County 1,720 6/14/2033 Woodlawn-Baltimore County 756 6/14/2033 Caroline North County 710 12/14/2028 Cecil Cecil County 8,206 6/14/2033 Dorchester City of Cambridge-Dorchester County 1,810 6/14/2033 Frederick City of Brunswick 1,064.32 6/14/2036 City of Frederick 525 6/14/2028 Garrett Northern Garrett Industrial Park 109 12/14/2028 Southern Garrett 247 6/14/2027 Keyser's Ridge 262 6/14/2028 Howard Eastern Howard County 2,337 12/14/2034 Kent Chestertown-Kent County 1,133.26 6/14/2036 Rock Hall Kent County 1,532 12/14/2031 Town of Betterton/Worton Industrial 2,047 12/14/2033 Montgomery Olde Towne 350 6/14/2028 Burtonsville/Briggs Chaney 231 6/14/2027 Prince George's Prince George's County 9,385 1/3/2030 Queen Anne's Queen Anne's County 1,349 12/14/2026 Somerset Town of Princess Anne-Somerset County 1,500 6/14/2033 Crisfield-Somerset County 776 12/14/2026 Talbot Easton Talbot County 316 12/14/2027 Tilghman 85 12/14/2027 Washington City of Hagerstown 4,946 12/14/2032 Wicomico Salisbury-Wicomico County 5,196 12/14/2032 Worcester Berlin-Worcester County 1,195 12/14/2026 City of Pocomoke 926 12/14/2032 Town of Snow Hill 230 6/14/2033 Focus Areas Baltimore City Jones Falls Area 6/14/2027 Oldtown 6/14/2027 Carroll-Camden Industrial 6/14/2027 Central West 6/14/2027 Holabird-Orangeville 6/14/2027 South Industrial 6/14/2027 Enterprise Zone Map View our Enterprise Zone interactive map and enter an address in the search bar below to see if your business falls within an Enterprise Zone. BENEFIT Income Tax Credits:

There are two types of income tax credits for businesses in an Enterprise Zone: The General Income Tax Credit, The one-time $1,000 tax credit for each qualified new employee filing a newly created position in an enterprise zone, or one-time $1,500 credit for each qualified new employee in an enterprise zone focus area. The Income Tax Credit for Economically Disadvantaged Employees, A three-year period tax credit for each qualified new economically disadvantaged employee, earned at the following amounts:

Enterprise Zone Focus Area First Year $3,000 $4,500 Second Year $2,000 $3,000 Third Year $1,000 $1,500 Property Tax Credits:

The property tax credits benefits differ by whether a business is located in an enterprise zone or an enterprise zone focus area:

Enterprise Zone Real Property Tax Credit, A ten-year tax credit against local real property taxes on a portion of real property expansion, renovation, or capital improvement. The amount of credit is 80% of the "eligible assessment" in each of the first 5 taxable years, and the credit decreases 10% annually (70%, 60%, 50%, 40%, 30%) for the subsequent 5 years.

Note: For newly constructed qualified property tax that provides both office and retail space and became eligible for the real property tax credit on or after January 1, 2019, but before January 1, 2022, the benefit is a 13-year tax credit. The amount of the credit…

Topic areas: Public Policy and Governance, Social Innovation and Community Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Enterprise Zone Tax Credits (EZ) is administered by Maryland Department of Commerce (MD Commerce), listed via Maryland Department of Commerce.