| What's Here |
|
Enterprise Zones |
 |
|
 |
Utilize Every Qualified Tax Credit for Your Company
Enterprise Zone Tax Credits
Companies located in Baltimore County's two designated Enterprise Zones many qualify for ten-year property and income tax credits. Zones underutilized industrial properties in Halethorpe and North Point and the bwtech@UMBC research and technology park. Businesses in the North Point and Southwest Zones that expand and/or add employees are eligible for both County and Maryland state tax credits.
The establishment of the Baltimore County Enterprise Zones added another tool to encourage redevelopment in older industrial areas. Since their creation, the zones have spurred the expansion or relocation of 91 businesses in the two zones. Companies have invested over $116 million in real property improvements and $208 million in machinery and equipment, creating 1,904 new jobs have been created.
Use the below maps or the My Neighborhood Interactive Map to determine what properties are within Enterprise Zones. The interactive map allows users to search for properties, view the zoning, view aerial photography, create custom printable maps and obtain owner information.
Upon the first visit to My Neighborhood, users will be directed to download a one-time Silverlight plug-in directly from Microsoft via a link. If you are using an Apple MAC OS X and need to install Silverlight, do not use the install link provided on the application page. Instead, use the following link to install the proper plug-in: http://www.microsoft.com/mac/otherproducts.mspx.
Read, download and complete the application to make your business in Baltimore County Enterprise Zone eligible for County and Maryland State tax credits.
Brownfields Tax Credit
The Baltimore County Brownfields Tax Credit is available to properties that have gone through the Maryland Voluntary Cleanup Program (VCP) and have received formal designation by the Maryland Department of Business and Economic Development (DBED) as a qualified Brownfields site."
The County Brownfields Credit was established under Bill No. 107-97. It provides a 50% property tax credit on the increased county real property tax liability for a qualified brownfields site after a voluntary cleanup or corrective plan has been completed under the Maryland VCP. A qualified brownfields site may receive an additional 20% credit if the site is located in one of the County's two Enterprise Zones, in of 12 designated Commercial Revitalization Districts, or if the total cost of the cleanup exceeds $1,000,000. The credit applies for 5 taxable years if the site is in an Enterprise Zone.
Read and download the brochure and application.
Baltimore County Green Building Tax Credit
Baltimore County enacted Maryland's first property tax credit to encourage development of high performance buildings. The tax credit is available to the owner of a Baltimore County commercial building with completed LEED platinum, gold, or silver certification.
Download and complete the application.
Maryland Job Creation Tax Credit
If your company plans to create more than 25 new jobs at a single Maryland location over the next two years, you may qualify for a State tax credit for each new job added. Tax credits are subject to eligibility and require approved applications. For details, e-mail businesshelp@baltimorecountymd.gov
Contact Us
Find out about eligibility for Baltimore County Business Tax Credits at businesshelp@baltimorecountymd.gov.
Revised June 27, 2011
