Job Creation Tax Credit

Companies locating to Anne Arundel County are eligible for a Job Creation Tax Credit through the Maryland Department of Commerce. Offered to newly locating or expanding companies in the State of Maryland, a company could be eligible for the tax credit if it establishes or expands a Maryland business facility that is primarily engaged in warehousing and distribution and located within a Priority Funding Area as defined by the Job Creation Tax Credit statute. The credit granted will be the lesser of $1000 or 2.5% of a year’s wages for each new employee in a qualified position. Assuming 80 qualified positions are created within a 2-year period, we estimate that the job creation tax credit would be $80,000.