Maryland Job Creation and Recovery Tax Credit

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08/26/2010 1:10 AM

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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