Incentives

New Jobs Tax Credit

The New Jobs Tax Credit Program provides eligible companies with a six-year tax credit against County real and personal property taxes.

Eligibility requirements include:

• Constructing or expanding operations in Washington County by a minimum of 30,000 square feet
• Employing at least 50 persons in new permanent full-time positions
  located at the new or expanded premises in Washington County
• Paying 50% of those new jobs at least 150% of the Average Weekly Wage per Washington County Worker as reported by the Maryland Department of Labor, Licensing, and Regulation at the end of the previous calendar year

A business is ineligible for the New Jobs Tax Credit if the following is true of that business:

• It has moved the operations which are located on the new or expanded premises from another county in Maryland, including Baltimore City
• It has been given a tax credit or exemption for the new or expanded premises during the same taxable year under any other state or county law
• Its primary operations at the new or expanded premises is related to the restaurant, retail, hospitality or warehouse distribution industries
• Its operations are not consistent with the County's Comprehensive Land Use Plan

The amount of the New Jobs Tax Credit a business may claim against County taxes imposed on the assessed value of the new or expanded premises are the following:

• 52% during the first and second taxable years in which the credit is allowed
• 39% during the third and fourth taxable years in which the credit is allowed
• 26% during the fifth and sixth years in which the credit is allowed

Contact the Economic Development Commission to learn more: edcinfo@hagerstownedc.org