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Maryland Job Creation and Recovery Tax Credit

August 26, 2010

By: A. Lee Lundy, Jr.

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.

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