Maryland state tax information State Department of Assessments and Taxation 51 Monroe Street, Suite 305 Rockville, Maryland 20850 Phone: (301) 279-1329   Link to county taxes info Tax incentives offered by Montgomery County

Montgomery County also offers strong personal and real property tax incentives for new and expanding companies, and offers personal income tax incentives for locating in one of the County’s enterprise zones.

Montgomery County does not impose a corporate income tax. Manufacturing equipment is exempt from Maryland personal property taxes, and Maryland's tax rate on non-manufacturing equipment is significantly less than its neighboring competitors.

New Jobs Tax Credit: State and County provides substantial credits on real and personal property taxes for businesses relocating or expanding into at least 5,000 square feet of newly constructed space that has been previously unoccupied, and creating 25 full-time positions within a 24 month period. The tax credit is a 6 year program, in the first two years the company shall receive an 80% tax credit, in the next two years a 60% tax credit, and in the last two years a 40% tax credit. Job Creation Tax Credit: Entitles employers to receive a state tax credit for jobs created within a 24 month period provided a minimum of 25 new jobs are created in Montgomery County. Eligible employers may receive up to $1,000 per each new job created.

Enterprise Zone Tax Credits: Substantial property and income tax credits are available to companies locating in the Silver Spring and Wheaton Enterprise zones (these should be linked to those web sites).