# Economic Development (GEC)

## Title 6. Economic Development Tax Incentives

### Subtitle 4. One Maryland Economic Development Tax Credit

#### Section 6-404

A refund payable to a qualified business entity under Sec. 6-403(e) of this subtitle reduces:

(1) the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax - General Article;

(2) the income tax revenue from individuals if the qualified business entity is:

  (i) an individual subject to the income tax under Title 10 of the Tax - General Article; or

  (ii) an organization exempt from taxation under Sec. 501(c)(3) or (4) of the Internal Revenue Code; and

(3) insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)