One Maryland Tax Credit

About this funding opportunity

Turn on more accessible mode

Turn off more accessible mode

Sign In

Menu Menu

Maryland.gov State Directory State Agencies Online Services About Commerce Financial Incentives News, Events & Documents Press Room Events Calendar Document Library MDBIZ News Blog Why Maryland

Press Room

Events Calendar

Document Library

MDBIZ News Blog One Maryland Tax Credit

Page Content

Changes were made to the One Maryland Tax Credit, effective for any business that applies for Final Certification beginning July 1, 2018. Program changes are described below. If your business received a Final Certificate of Eligibility prior to July 1, 2018, click here for a copy of the statute in effect prior to July 1, 2018. One Maryland Jurisdictions

As of December 2025, the following counties are Tier 1 for the One Maryland Tax Credit. Allegany Baltimore City Caroline Dorchester Garrett Kent Somerset Washington Wicomico \\*Worcester County does not currently meet the Tier I criteria under the One Maryland program. It last qualified in September 2024 but remains eligible under the 24-month look back provision through September 2026.

This information is reviewed monthly, as data becomes available, and any updates will be reflected on this webpage. Counties will also be notified if they enter a grace period or if full eligibility is restored. BENEFIT

The amount of income tax credit that a business will qualify for depends on the amount of capital investment it makes in the project and the number of new qualified jobs it creates in a 24 month period. A business may qualify for the following maximum credit amounts: For businesses that create 10-24 qualified positions: maximum $1 million in credits based on eligible project costs. For businesses that create 25-49 qualified positions: maximum $2.5 million in credits based on eligible project costs. For businesses that create at least 50 qualified positions: maximum $5 million in credits based on eligible project costs. ELIGIBILITY Location - A business must locate or expand in a "Priority Funding Area" (PFA) in a Tier 1 County. Tier 1 Counties are subject to change. Please verify with the Maryland Department of Commerce (Commerce) that the project location is in a PFA and Tier 1 County. Declaration of Intent - A business may not claim any expenses incurred or jobs created prior to notifying Commerce in writing of its intent to seek certification for a One Maryland Tax Credit. Certification - A business must be certified as a qualified business entity eligible for the One Maryland Tax Credit. Applications for certification are available from Commerce. Job Creation Minimums - The business must create at least 10 new, full-time qualified positions at the project within 24 months. However, to receive the maximum $5 million credit, the business must have at least 50 new qualified positions within 24 months. The positions must be full-time, pay 120% of State Minimum Wage, be filled for 12 months, and be a "net new" job to Maryland. The business must create the minimum number of jobs in a 24-month period. As of January 1, 2024, 120% of State Minimum Wage is $18.00/hour. Have at least $500,000 of eligible costs. The facility must be engaged in an eligible activity.

The business may not claim both the One Maryland Tax Credit and Job Creation Tax Credit in the same tax year. Application Overview

Tax Certificate Name

One Maryland Tax Credit

Validity Term

This credit is applied against Maryland state income tax and may be carried forward for up to 10 years after the certified credit year. Beginning fourth year after the credit year, the business may apply the credit against its state income tax liability and request a refund. The amount of the refund is limited to the payroll withholding attributable to the qualified positions.

Legal Authority

Tax‑General Article § 10‑714

Md. Code Ann., Econ. Dev. §§ 6‑401 to 6‑405

Application Process Online portal Frequently Asked Questions (FAQ)

Processing Time

One…

Topic areas: Public Policy and Governance.

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

One Maryland Tax Credit is administered by Maryland Department of Commerce (MD Commerce), listed via Maryland Department of Commerce.