Brownfields Tax Incentive Program

A state program available through the Maryland Department of Commerce that aims to reclaim former industrial sites, the Brownfields Tax Incentive Program provides businesses tax credits for simply locating in a targeted brownfield area.

At Allegany County's North Branch Industrial Complex, businesses qualify for real property tax credits at 50% to 70% of the increased value of the property for up to 10 years.

The only caveat: the credit may not exceed 100% of the tax on the increased value of the property.

 
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