Larry Hogan

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Maryland Governor Larry Hogan signed 120 bills into law Tuesday after the General Assembly session closed Monday night. The final bill of the signing ceremony was Hogan’s More Jobs for Marylanders Act, which almost unanimously passed in the House and Senate. The new law gives a 5.75 percent wage tax credit, a state property tax credit and a sales and use tax credit for ten years to new businesses in high-unemployed areas. All of these incentives are based on the new company creating at least five new jobs. Existing manufacturers that create five new jobs are also eligible for these credits. Finally, Hogan’s law will give $1 million in scholarship money to students enrolled in job training programs at community colleges. The legislation will take effect on June 1.