Maryland HB369 authorizes Prince George's County to offer property tax credits to new businesses creating jobs in targeted industries.
Maryland HB369 allows the governing body of Prince George's County to provide property tax credits to new businesses that add jobs in specific industries. The tax credit can be granted for up to a certain number of years, with the governing body setting the amount, duration, and additional eligibility criteria. This measure aims to encourage business operations and employment growth in the county. The law takes effect June 1, 2026, and applies to taxable years beginning after June 30, 2026.
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