Sec. 10-235.15. Eligibility for tax credits
Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.
Prince George's County, Md., Code § 10-235.15 (2026)
Sec. 10-235.15. Eligibility for tax creditsLinkCopy Citation
(a)
New Jobs Tax Credit.
(1)
To qualify for a New Jobs Tax Credit under this Subdivision, a business entity shall:
(A)
obtain at least 5,000 square feet of new or expanded premises in the County by purchasing newly constructed premises, constructing new premises, causing new premises to be constructed, or leasing newly constructed premises; and
(B)
employ at least 25 persons, of which at least thirty percent (30%) shall be County residents, in new permanent full-time positions located in the new or expanded premises in the County during a 24-month period, during which the business entity must also occupy the new or expanded premises.
(b)
Enhanced New Jobs Tax Credit.
(1)
To qualify for an Enhanced New Jobs Tax Credit under this Subdivision, a business entity, along with its affiliates, shall:
(A)
(i)
obtain at least 250,000 square feet of new or expanded premises in the County by purchasing newly constructed premises, constructing new premises, causing new premises to be constructed, or leasing newly constructed premises;
(ii)
continue to employ at least 2,500 individuals in existing full-time positions paying at least 150% of the federal minimum wage and located at premises in the State where the business entity, along with its affiliates, is primarily engaged in one or more of the industries listed in Paragraph (2) of this Subsection; and
(iii)
employ at least 500 individuals, of which at least thirty percent (30%) shall be County residents, in new permanent full-time positions paying at least 150% of the federal minimum wage and located in the new or expanded premises in the County and, if applicable, in newly renovated premises adjoining or otherwise neighboring the new or expanded premises; or
(B)
(i)
obtain at least 250,000 square feet of new or expanded premises in the County by purchasing newly constructed premises, constructing new premises, causing new premises to be constructed, or leasing newly constructed premises; and
(ii)
employ at least 1,250 individuals, of which at least thirty percent (30%) shall be County residents, in new permanent full-time positions paying at least 150% of the federal minimum wage and located in the new or expanded premises in the County and, if applicable, in newly renovated premises adjoining or otherwise neighboring the new or expanded premises.
(2)
To qualify for an Enhanced New Jobs Tax Credit under this Subdivision, a business entity, along with its affiliates, shall primarily be engaged in one or more of the following at the qualifying premises:
(A)
manufacturing or mining;
(B)
transportation or communications;
(C)
agriculture, forestry, or fishing;
(D)
research, development, or testing;
(E)
biotechnology;
(F)
computer programming, data processing, or other computer-related services;
(G)
central services as defined in § 6-101 of the Economic Development Article of the Maryland Code;
(H)
the operation of central administrative services as defined in § 6-101 of the Economic Development Article of the Maryland Code;
(I)
a public utility;
(J)
warehousing; or
(K)
business services.
(3)
To qualify for the Enhanced New Jobs Tax Credit under this Subdivision, a business entity shall:
(A)
within a 6-year period beginning on the notification date, employ individuals in the number of new permanent full-time positions required under Paragraph (1) of this Subsection;
(B)
during the 6-year hiring period, obtain and occupy the new or expanded premises and, if applicable, the newly renovated premises adjoining or otherwise neighboring the new or expanded premises; and
(C)
during the 6-year hiring period, comply with all other requirements for the credits described in this Subsection and in any applicable local law.