Tax Credits

Tax credits can lower a business’s Maryland tax liability for activities like creating jobs, investing, conducting research or locating in a targeted area. Some credits are refundable, so a business may receive the remaining value if the credit is more than the tax it owes.

•    Biotechnology Investment Incentive Tax Credit (BIITC)
•    Brownfields Tax Credit
•    Buy Maryland Cybersecurity Tax Credit (BMC)
•    Data Center Maryland Sales and Use Tax Exemption
•    Employer Security Clearances Costs Tax Credit (ESCC)
•    Enterprise Zone Tax Credit (EZ)
•    Film Production Tax Credit
•    Hire Our Veterans Tax Credit
•    Job Creation Tax Credit (JCTC)
•    Maryland Innovation Investment Tax Credit (IITC)
•    More Jobs for Marylanders Incentive Program (MJM)
•    One Maryland Tax Credit
•    Opportunity Zone Enhancement Credits (State)
•    Regional Institution Strategic Enterprise Zone Program (RISE)
•    Research and Development Tax Credit
•    Theatrical Production Tax Credit