Maryland Commercial Production Incentives

Questions about the Maryland Incentive Program?
Type of Incentive | Refundable tax credit |
Incentive Amount | 25% |
Residency | Both residents and non-residents can qualify |
Minimum Spend | $250,000 |
Production Cap | 10,000,000 |
Salary Cap | Wages in excess of $500,000 will be disqualified in their entirety |
Annual Cap | $11,000,000 for FY20. Contact Elite for funding availability |
Application Timeline | Must notify Dept. of Business and Economic Development 30 days minimum prior to production |
Loan-Out Registration | No |
Loan-Out Withholding | No |
CPA Audit | Yes |