Tax Credits for Priority Investment

Green Building Tax Credit
from the City of Rockville

A financial incentive for property owners to renovate their buildings to meet LEED Silver, Gold, or Platinum certification and ENERGY STAR certification.
Available to existing commercial buildings and multifamily residential structures with four or more stories.
The maximum annual tax credit is $60,000 per applicant for a five-year period.
For more information, please contact the Environmental Management Division at (240) 314-8872.

Provides an investor with income tax credits equal to 50% of an eligible investment in a Qualified Maryland Biotechnology Company.
The maximum tax credit is limited to $250,000 per fiscal year for each QMBC.
For more information, please contact Virginia Crews at 410-767-6359 or Mark A. Vulcan at 410-767-6438.

A supplemental grant to the State’s program available to investors of biotechnology companies located in the County.
Investors who are approved and receive tax credits from the Maryland Biotechnology Investment Incentive Tax Credit Program will automatically receive the supplemental grant.
Supplemental grants are typically disbursed between March and May each year for investments made in the previous calendar year.
For more information, contact the Montgomery County Department of Finance at 240-777-8860.

Provides a refundable income tax credit to Qualified Maryland Cybersecurity Companies (QMCC) that secure investment from qualified investors.
QMCCs receive a credit equal to 33% of an eligible investment with a limit of $250,000 for each investor per fiscal year.
A QMCC is a company that has fewer than 50 employees, has been an active business for less than 5 years, and is based in Maryland, among other requirements.
For more information, please contact Lani Sinfield at 410-767-4041 or Kenneth McCreedy at 410-767-6379.

Local supplement to the Maryland Cybersecurity Investment Incentive Tax Credit.
County-based QMCCs that receive a final Maryland tax credit certificate are eligible for the local supplement the following year, subject to appropriation of funds.
For more information, contact the Montgomery County Department of Finance at 240-777-8860.

Businesses that have qualified R&D expenditures in the State may qualify for two income tax credits, the Basic R&D and the Growth R&D.
The Basic R&D Tax Credit is equal to 3% of eligible expenses, while the Growth R&D Tax Credit is equal to 10% of eligible expenses.
For more information, please contact Stacy Kubofcik at 410-767-4980 or Mark A. Vulcan at 410-767-6438.

For additional tax credits and incentives, visit https://thinkmoco.com/tax-credits.

Header