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Washington County New Jobs Tax Credit

The New Jobs Tax Credit Program provides eligible companies with a six-year tax credit against both real and personal property taxes.

In order to qualify for the program, a business must:

  • Either construct or expand its operations in Washington County by a minimum of 10,000 square feet;
  • Employ at least 25 persons in new permanent full-time positions located at the new or expanded premises in Washington County;
  • Pay 50% of those new jobs at least 135% of the Average Weekly Wage per Washington County Worker as reported by the Maryland Department of Labor, Licensing, and Regulation at the end of the previous calendar year; and,
  • Be located in a Priority Funding Area as designated in Title 5, Subtitle 7B of the State Finance and Procurement Article.

A business is not eligible for the tax credit program if:

  • It has moved the operations which are located on the new or expanded premises from another county in Maryland, including Baltimore City;
  • The business has been given a tax credit or exemption for the new or expanded premises during the same taxable year under any other state or county law;
  • The business' primary operations at the new or expanded premises is related to the restaurant, retail, hospitality or warehouse distribution industries, and;
  • The business' operations are not consistent with the County's Comprehensive Land Use Plan.

The amount of the New Jobs Tax Credit a business may claim against County taxes imposed on the assessed value of the new or expanded premises is:

  • 52% during the first and second taxable years in which the credit is allowed;
  • 39% during the third and fourth taxable years in which the credit is allowed; and,
  • 26% during the fifth and sixth years in which the credit is allowed.

 

 

 

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