Financial Incentives

Job Creation Tax Credit

 
Business that create a minimum number of new full-time positions may be entitled to state income tax credits of up to $3,000 per job or $5,000 per job in a "revitalization area." 
 
The Job Creation Tax Credit (JCTC) program is capped at $4 million in tax credits in each calendar year, and a business may not claim more than $1 million in any credit year. Credits are certified on a first-come, first-served basis based on when the Maryland Department of comerce receives the final application and the available of credits.
 
Unused credits may be carried forward for a period of five years.