BDC manages the State of Maryland Enterprise Zone (EZ) program in Baltimore City. 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, which are specific boundaries of an EZ, may also qualify for personal property tax credits on new investment in personal property and enhanced income tax credit for creating new jobs.
Not every business located in an Enterprise Zone, Sustainable Community, or Opportunity Zone is eligible to receive tax credit. In order to claim the credit, the business must be certified by the local enterprise zone administrator as eligible for the credit.
For questions about Enterprise Zone tax credits and certifications, please contact us by phone at (410) 837-9305 or via email at info@BaltimoreDevelopment.com.
10-year tax credit on incremental increase in property taxes resulting from real property improvements
80 percent tax credit years 1-5
Decreases 10 percent annually years 6-10
Tax credit goes to the property owner
$1,000 tax credit per new employee
$6,000 tax credit over 3 years for hiring economically disadvantaged employee
Credit may be carried forward for 5 years
Credit may be claimed by any firm located within Enterprise Zone eligible property that adds new employment meeting certain requirements
Real property tax credit of 80 percent on the increased assessed value for 10 years
Personal property tax credit of 80 percent for 10 years on new investment in personal propert
Credit goes to property owner
$1,500 tax credit per new employee
$9,000 tax credit over 3 years for hiring economically disadvantaged employee
Credit may be carried forward for 5 years
Credit may be claimed by any firm located within Enterprise Zone eligible property that adds new employment meeting certain requirements
To find out if your business is in an Enterprise Zone or Focus Area, please visit the interactive map below and enter an address in the search bar.
Maryland Enterprise Zone MapTo apply for the property tax credit, please click the link below.
Apply for Property Tax Credit
