Tax Credits & Incentives
Real Property Job Creation Property Tax Credit
Up to 10 years of tax credits. Minimum of 10 new jobs created in a targeted industry. Wages paid must exceed County's average annual wages. New or expanding businesses eligible for consideration. Tax credit is applied after jobs are created.
Recordation Tax Credit
Eligible businesses can be considered for full or partial waiver of recordation tax. The business must maintain at least 10 or more new permanent full-time positions or make a capital investment sufficient to yield a substantial increase in annual commercial tax revenue. New, relocating, or expanding businesses eligible for consideration. Creation of jobs paying above County average wages and/or significant capital investment required.
Tax Credit for Renovated or Rehabilitated Businesses (Pending)
Property tax credit for commercial rehabilitation or renovation. Credit applicable to the additional assessment increment with five year declining percentage phase out.
TAX INCENTIVES FOR KEY INDUSTRIES
Tax Credit or PILOT for Energy Generation
This program allows the County to negotiate a tax credit or payment-in-lieu-of taxes for new electric generation facilities.
Manufacturing Equipment Tax Exemption
All manufacturing equipment and inventory are exempt from personal property taxes in Charles County.
Views from Charles
n our blog series, “Meet the EDD,” we regularly profile a member of our team. Through our interviews, we hope you get to know the hardworking members of our staff, who are dedicated to the economic vitality of Charles County. Learn more about our Marketing Coordinator, Jennifer Reginald.
Find A Property
Chief of Business Development
Charles County EDD
10665 Stanhaven Place
White Plains, MD 20695
“We are proud to be a key part of Charles County’s future and we heartily encourage other, cutting-edge companies to join us.”
Chief Executive Officer
Competitive Power Ventures
“Charles County’s strategic location in the DC Metro region affords us networking and business opportunities with some of the top names in our industry."
Director of Business Development