Maryland Tax Credits
Key Success Factors
Application
At least 30 days prior to production, applicants must submit both an ‘application for qualification’ and a ‘form for additional documentation & information” as well as certificate of good standing.
Spend Requirements
$250,000
CPA Audit Required?
Yes, for projects with direct expenditures of $250k or more
Loan-Out:
Registration/Withholding
Registration/Withholding
No / Yes
2-5.75%
2-5.75%
Residency
Both residents and non-residents qualify
Program Limits
Production Cap
$10,000,000. Provided on a first-come, first-served basis.
Program Cap
$15,000,000. No sunset date.
Payroll Cap
$500,000. Anyone earning more than this amount, the entire amount is disqualified.
Program Highlights
Tax Credit Type
Refundable tax credit
Tax Credit Amount
28%
Questions about the Maryland Motion Picture Tax Credits Program?