Questions about the Maryland Incentive Program?
|Type of Incentive||Refundable tax credit|
|Residency||Both residents and non-residents can qualify|
|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 Withholding||Yes. 2-5.15%|