Application for Commercial Property Tax Credit

In accordance with CO 11-24 and CO 13-18

The county offers eligible businesses located outside of the Enterprise Zone an opportunity for property tax credits. To be eligible, the property investment needs to have $25,000 or more in real property improvements, and a minimum of 12 new full-time jobs created within 36 months as a result of the project.

The credit is prorated over four years against the increased assessed value at 80% (Year 1), 60% (Year 2), 40% (Year 3), 20% (Year 4).

Tax credits are awarded at the discretion of the Queen Anne's County Commissioners.

Business Name and Address (for correspondence):

Business Name

Point of Contact Email

Location Address (if different than above):

Business Name

Federal Employer Identification Number for the Business:

Real Property Account Number:

Date new or expanded premises was acquired or renovations completed:

Building Permit Number and/or Use Permit Number:

Occupation date for new permanent full-time employees:

Identify the nature of the new construction, renovations, additions. alterations or expansion of the premises in detail (for example: the addition of 10,000 sq. ft. at 123 Main Street, Stevensville, or new 10,000 sq. ft. building constructed at 123 Main Street, Stevensville). Note: in order to qualify for a tax credit, the increase in the assessable tax base must be $25,000 or more (Reference C-11-4 Amend. 1 and CO-13-18):

Number of new permanent full-time positions to be created over the course of thirty-six (36) months resulting from the establishment or improvement to the commercial property in Queen Anne's County. Note: the minimum number of new permanent full-tiem positions is twelve (12), in accordance with CO 13-18

Has the business or another taxpayer received a tax credit or exemption for the new or improved premises during the same taxable year by any other state or county law? Note: Properties within an Enterprise Zone are not eligible for this tax credit.

Yes

You must have received a notice of reassessment in order for the credit to apply. Please list the assessed value of the improvements:

Please upload a copy of the State Department of Assessments & Taxation Assessment Certification

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Owner must secure assessment information substantiating the increased value of the real property due to the improvements made to the property. This information can be optained from the State Department of Assessments & Taxation, 6 St. Paul Street, Baltimore, MD. For additional information, you can contact SDAT at: 410.767.8250.

The property owner/leasee must apply to the Department of Finance for a tax credit within 90 days of an assessment notice reflecting the eligible assessment. The property owner must certify the date on which they receive the assessment notice and the Department of Finance must receive the application within 90 days of that date. This 90-day time frame is not flexible and is stricly applied.

I hereby certify that I am authorized to act on behalf of the above applicant and attest that the inforamtion provided herein is true and accurate. I understand that the applicant must submit documentation reasonably necessary to verify the above documentation including, but not limited to: payroll records and employee timesheets, and such other documentation necessary to verify the agove information for the taxable year for which the credit is sought and for the thirty-six (36) months following the last year in which the tax credit is granted. I futher understand that submission of a false or fraudulent application or the withholding of information to obtain a tax credit is a Class A violation and futher subjects the applicatn to repayment of all taxes with interest and penalities, and court costs and expenses in the event a civil action for collection is filed.

Authorized Signature

First Name

Last Name

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I agree to electronically sign and to create a legally binding contract between the other party and myself, or the entity I am authorized to represent.

Authorized Official Name and Title