| snippet:
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Used in conjunction with a paper application to determine eligibility. If determined to be eligible, you will receive a letter from the Enterprise Zone Administrator indicating which tax credit(s) you are eligible to receive |
| summary:
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Used in conjunction with a paper application to determine eligibility. If determined to be eligible, you will receive a letter from the Enterprise Zone Administrator indicating which tax credit(s) you are eligible to receive |
| extent:
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[[-75.6288425000495,38.3276214126751],[-75.4852141141152,38.4337662627427]] |
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City of Salisbury, Department of Information Services: GIS Division |
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thumbnail/thumbnail.png |
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1.7976931348623157E308 |
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["ArcGIS","ArcGIS Server","Data","Feature Access","Feature Service","providerSDS","Service"] |
| description:
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>Enterprise Zone Property Tax Credit</SPAN></P><P><SPAN>The Enterprise Zone Real Estate Property Tax Credit is an incentive for businesses to locate or expand facilities in designated areas. For either a new or an expanding business which meets the eligibility requirements, the amount of the credit is 80% of the taxes due on any expansion, renovation or capital improvement in the property over the first five years. For the subsequent five years, the credit decreases 10% annually (70%, 60%, 50%, 40%, 30%). In a focus area, the credit is 80% for ten years. After ten years of property tax credits, the property is returned to the tax rolls at its full-assessed value.</SPAN></P><P><SPAN /></P><P><SPAN>Enterprise Zone Income Tax Credit</SPAN></P><P><SPAN>Maryland’s Enterprise Zone Program provides special tax credits to encourage businesses in the enterprise zone to create new jobs. The credits are more valuable than deductions because credits are subtracted directly from income tax liability. There are actually two types of income tax credits for firms in an enterprise zone: a general income tax credit and a larger income tax credit for hiring economically disadvantaged employees. Firms in focus areas receive enhanced credits.</SPAN></P><P><SPAN /></P><P><A href="https://salisbury.md:443/wp-content/uploads/2013/06/Enterprise-Zone-PDF.pdf" STYLE="text-decoration:underline;"><SPAN>Fact Sheet</SPAN></A></P></DIV></DIV></DIV> |
| licenseInfo:
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>The Requested Data is being provided "as is", "with all faults" and without guarantee or warranty of any kind, express or implied, including, without limitation, fitness for a particular purpose and merchantability, which are hereby expressly disclaimed. Further, The City of Salisbury makes no warranties or guarantees related to the accuracy, precision or completeness of the requested Data. In no event shall City of Salisbury, any of its affiliates or subsidiaries, or any of their respective shareholders, officers, directors, employees or agents be liable to requestor or any other person or entity for any activity involving the use or misuse of the requested Data. Requestor waives and releases each of the foregoing persons from any such use resulting in any and all loss or damage. Requestor expressly assumes all risk of use of the Requested Data and understands and agrees that it shall not rely on any portion of the Requested Data without independently confirming the same first. The Data can be freely distributed as long as the metadata entry is not modified or deleted. Any data derived from the Data must acknowledge the City of Salisbury in the metadata.</SPAN></P></DIV></DIV></DIV> |
| catalogPath:
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|
| title:
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Enterprise Zone |
| type:
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Feature Service |
| url:
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|
| tags:
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["City of Salisbury","IS: GIS","Boundary","Business Development","Programs & Initiates","Tax Credit","Boundaries","Open Data","Public"] |
| culture:
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en-US |
| name:
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Enterprise_Zone |
| guid:
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53219D90-264C-4AC3-AAE8-1D28F06825B6 |
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0 |
| spatialReference:
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NAD_1983_StatePlane_Maryland_FIPS_1900 |