8/26/2010 1:10 PM
In an effort to create new Maryland jobs for unemployed Maryland residents, Governor Martin O'Malley signed emergency legislation enacting the Job Creation and Recovery Tax Credit. The Tax Credit makes available a $5,000 tax credit (that's $5,000 in real money - not just a tax deduction) for each Maryland resident who at the time of hire is unemployed and is a "Qualified Employee", who is hired by a "Qualified Employer" to fill a "Qualified Position." Visit our article here to find out what Qualified Employee, Qualified Employer and Qualified Position mean. The Qualified Employee needs to be hired by December 31, 2010.