More Jobs for Maryland Act grants a tax credit on 100% of the State real property tax for 10 years to qualifying businesses (properties). The amount of assessment credit associated with the account will be deducted from the state assessment to determine the net taxable assessment for tax billing. The Department will be notified by Commerce when a business (property) becomes qualified. The notification will go the Special Assistant and the local assessment office.

Although the More Jobs Act is a credit and not an exemption, the credit amount must be entered in the exemption tab of AAVS to create a 100% state property tax credit. An Exempt Code of 081 is to be entered into the AAVS account to identify the account as receiving a More Jobs Act credit.

A More Jobs Act End Date (MJA) Site and Flag must also be added to the account. In the Site and Flag value field enter the date of 6/30/20XX. This will represent the end of the final fiscal year in which the credit is due. July 1, 20XX following the entered 6/30/20XX does not get a credit. A report will be run each July by Special assistant at Headquarters to determine which accounts should have the Exemption Code 081 removed in the Future File for the upcoming January 1 Bulk Notices.

The Land Use Code does not change because of the More Jobs Act. It is determined in the normal fashion with the credit having no influence on the Land Use Code. It should not be assigned an exempt Land Use Code based solely on the More Jobs Act. ​​