Maryland Assessment Procedure Manual

Category:	Tax Credits
Category No.:	012
Subject:	Eligibility Standards
Subject No.:	300
Topic:	Miscellaneous Provisions - Enterprise Zone
Topic No.:	21
Date Issued:	5/1/1988
Revision Date:	7/31/2018
Designated Enterprise Zones are for a period of ten years. This tax credit shall continue to be available to a qualified property for ten years, even after the expiration of the designation of an Enterprise Zone. If an Enterprise Zone expires in 2018, but a property qualified in 2016 in the expiring zone, that property continues its eligible credits for the 10 years following 2016. If a qualified property is sold at a later date, any years remaining on the ten years property tax credit are transferable to the subsequent purchaser. A business which continues to meet the qualification requirements may receive another Enterprise Zone property tax credit for subsequent capital improvements in later taxable years with the Department of Assessments and Taxation determining a new base year assessment for the additional improvements.