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BUSINESS |
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INDUSTRIES INCENTIVES TAXES TRANSPORTATION UTILITIES FINANCE WORKFORCE INTERNATIONAL |
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Enterprise Zone Tax Credits
Property Tax Credits 10 year credit against local property taxes on a portion of real property improvements. Credit is 80% the first five years, and decreases 10% annually thereafter to 30% in the tenth and final year.
State Income Tax Credits One to three year credits for wages paid to new employees in the zone. The general credit is a one-time $1,000 credit per new worker. For economically disadvantaged employees, the credit increases to a total of $6,000 per worker distributed over three years.
◘ ENTERPRISE ZONE MAP (Salisbury.pdf) (Fruitland.pdf) ◘ ENTERPRISE ZONE BENEFITS (pdf) ◘ SALISBURY / WICOMICO ZONE APPLICATION (pdf)
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