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tax credits

Oct 27, 2021

Maryland launches tax credit program for early-stage companies

The Maryland Department of Commerce has launched tax credits designed to help foster technology sectors by incentivizing investment in early-stage companies.

Mar 29, 2018

Bill would create incentives to support Md. cybersecurity industry

A Maryland bill would incentivize investors to put their funds in Maryland cybersecurity companies, attempting to overcome an apparent lack of capital for the state’s startups. The bill also brings in an administration plan to create a “Buy Maryland” program for cybersecurity products and services, a second program that supporters hope pushes the bill over […]

Jun 26, 2017

Md. lures Vitreon to Baltimore; firm plans to create 200 jobs

Medicinal botanical company Vitreon America announced Monday it plans to move its corporate headquarters to Baltimore from Virginia, creating 200 full-time jobs over the next five years. In addition to its new headquarters on Wicomico Street, the company also indicated it would open lab space, a research center and grow zones in the city. “Baltimore offers […]

Apr 18, 2017

Sexual assault, tax credit legislation top list at Md. bill signing

ANNAPOLIS —  Legislation expanding protections for victims of sexual assault and human trafficking and tax credits for first responders and businesses that hire veterans topped the list of measures signed into law Tuesday by Gov. Larry Hogan. First on the list of the 211 bills signed into law was the Protecting Victims of Sex Trafficking […]

Jan 5, 2017

Hogan proposes waiving state taxes for new manufacturers

Gov. Larry Hogan plans to introduce legislation waiving all state taxes for manufacturers that relocate to Maryland and create jobs in high unemployment areas. Hogan made the announcement during a news conference in east Baltimore for what the governor dubbed the Maryland Jobs Initiative. “Not all Marylanders and not every jurisdiction in our state are […]

Sep 26, 2016

Maryland affordable housing costs among nation’s highest

Maryland is among the most expensive states to operate affordable housing developments, but it remains cheaper than some of its neighbors. A report from accounting and tax advisory firm CohnReznick LLP found the most expensive places to operate a property benefiting from low-income housing tax credits are in the northeast. Connecticut, with a gross expense […]

Jan 22, 2016

Hogan administration reverses course on manufacturing tax credits

ANNAPOLIS — A proposal to create a tax incentive for manufacturers to relocate to Maryland represents a change of course for at least some in Gov. Larry Hogan’s administration. The governor’s announcement earlier this month reverses a position expressed less than a year ago when Michael Gill, Hogan’s recently appointed secretary of what is now […]

Jun 5, 2015

Editorial: Julia, how can we make you feel more loved?

Dear Julia: We were aghast to hear that your wonderful cable TV show, “Veep,” may shift its production operation from our state to California. Something to do with they were willing to give you more tax credits than we were. (Aren’t they running out of water? How can they afford to give you more tax […]

Apr 8, 2015

Maryland union assails tax credits to private school donors

The president of a teachers union is urging Maryland lawmakers to reject a tax-credit backed by Republican Gov. Larry Hogan for businesses that support students who attend private schools.

Feb 25, 2015

Md. legislators consider tax break for ‘angels’

Investors in startup companies could receive state tax credits under a proposal being considered by the Maryland General Assembly.

Feb 16, 2015

Senate considers tax credits to lure manufacturing jobs

The bill would offer 10-year credits to some manufacturers as part of an effort to reverse a trend in declining employment in the sector since 2004.

Jul 16, 2014

Tax break sought for urban farmers

Baltimore City Councilman William “Pete” Welch plans to introduce a bill Thursday evening that would provide property tax credits to urban farmers who grow food on private land for the purpose of selling it.

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