ADMINISTERED BY:
The Prince George's County
Economic Development Corporation

1100 Mercantile Lane, Suite 115A
Largo, MD 20774


301.583.4650

www.pgcedc.com



*Over a three year period
PROGRAM OBJECTIVES
An enterprise zone is an area of a county, city, or town in which state and local incentives are offered to encourage the expansion of existing businesses and the attraction of new business investments and jobs.

MD INCOME TAX CREDIT* (BASIC):
$6,000 per disadvantaged employee
$1,000 per non-disadvantaged employee

MD INCOME TAX CREDIT* (FOCUS AREA):
$9,000 per disadvantaged employee
$1,500 per non-disadvantaged employee
PRINCE GEORGE'S COUNTY REAL PROPERTY TAX CREDIT:
10-year Real Property Tax Credit for increases to real property assessment resulting from qualified new construction or improvement to real property. 80% tax credit in the first five years, and 70% to 30% tax credit in the next five years.

BUSINESS PERSONAL PROPERTY TAX CREDIT (FOCUS AREA ONLY):
10-year Business Personal Property Tax Credit of 80% of the amount of tax otherwise due on new (or transferred from out-of-state) qualified business personal property
FOR INFORMATION ON APPLYING FOR STATE INCOME TAX CREDITS:


DAVID J. GHEE
Administrator, Tax Credit Unit
Dept. of Labor, Licensing & Regulation

1100 North Eutaw Street, Room 201
Baltimore, MD 21201


410.767.2080
FOR INFORMATION ON APPLYING FOR BUSINESS PERSONAL PROPERTY TAX CREDIT:


EDWARD MUTH
Department of Assessments & Taxation


301 West Preston Street
Baltimore, MD 21201


410.767.1150
FOR INFORMATION ON APPLYING FOR PRINCE GEORGE'S COUNTY REAL PROPERTY TAX CREDIT:


MARY KERR
Deputy Assistant Director
Prince George's County Office of Finance

14741 Governor Oden Bowie Drive, Room 1091
Upper Marlboro, MD 20772


301.952.5374