2018 End of Session Wrap-up: Economic Development Tax Credits

An overview of MACo’s work to promote tax policies that enhance economic development in the 2018 General Assembly. 

Follow links for more coverage on Conduit Street and MACo’s Legislative Database

One Maryland Economic Development Tax Credits

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MACo successfully supported a bill which generally streamlines and simplifies the One Maryland Tax Credit, making it easier to access for businesses and improving economic development opportunities in our counties. Senate Bill 989/House Bill 1295 simplifies the One Maryland Economic Development program into one credit instead of two, allows businesses to claim credits during their first year in the program, reduces fiscal uncertainty of outstanding credits, and makes the program available to new businesses, among other changes. The legislation has passed the General Assembly and is awaiting the Governor’s signature. Bill Information | MACo Coverage

For more information on tax and revenues legislation tracked by MACo during the 2018 legislative session, click here.