Job Creation Tax Credit (JCTC)
The Job Creation Tax Credit (JCTC) provides a Maryland state income tax credit to eligible businesses that locate or expand in Maryland and create a minimum number of net new full-time positions. Offered by Maryland Department of Commerce; applications due January 1, 2032.
Key Facts
- Funder
- Maryland Department of Commerce
- Award amount
- Not specified by funder
- Deadline
- January 1, 2032
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
The Job Creation Tax Credit (JCTC) provides a Maryland state income tax credit to eligible businesses that locate or expand in Maryland and create a minimum number of net new full-time positions. The credit is $3,000 per new job (or $5,000 if the business is in a revitalization area such as a state enterprise zone, federal empowerment zone, DHCD Sustainable Community, or Tier 1 County). Enhanced credits are available for positions filled by qualified veteran employees: $4,000 per veteran hire,...
Full requirements and application instructions: official listing.
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