Page 51 - Garrett County 2023/2024 Visitors Guide

Tax Rates
Corporate Income Tax (FY 2022)
None
8.25%
Base – federal taxable income
Sales & Use Tax (FY 2022)
None
6.0%
Exempt – sales for resale; manufacturer’s purchase of raw materials; manufacturing machinery and equipment; purchases of materials and equipment used in R&D and testing of finished products; purchases of computer programs for reproduction or incorporation into another computer program for resale.
Business Personal Property Tax (FY 2022)
None
None
No county personal property tax on ordinary business property $2.64/$100 applicable to operating property of utilities and non-utility electric generators in an incorporated area, a municipal rate may apply; municipal exemptions may be available.
Major Tax Credits Available
Enterprise Zone; Job Creation; R&D; Hire Our Veterans; More Jobs for Marylanders (Tier I); ONE Maryland (Tier I); Arts & Entertainment District; Maryland Wineries & Vineyards; Biotechnology & Cybersecurity Investment; Federal Opportunity Zones; Garrett County Business Property Tax Credit Incentive
Garrett County’s Preferred and Trusted Water Well Driller Since 1981
WE ARE WELL WATER PROS WITH A PASSION FOR QUALITY AND PERFECTION
We employ dedicated drilling and pump crews who specialize in their fields and believe that having specialists in well development and pump systems is the most efficient and effective way to deliver the best results to our valued customers.
Wayne’s Water & Wells, 19139 Garrett Highway, Oakland, MD 21550 301-387-7181 | wayneswells.com

WWW.HOTTUBZLLC.COM
124-B Service Center Drive, Oakland, MD
Hottubz, LLC sells brand name hot tubs & pool tables. We offer some of the lowest prices on standard to high-end hot tubs (service contracts available). Full service & repairs.
INFO@HOTTUBZLLC.COM
UTILITIES
Electricity: Potomac Edison and Somerset Rural Electric Cooperative; customers
of investor-owned utilities and major cooperatives may choose their electric supplier.
Gas: Columbia Gas of Maryland, Inc.; customers may choose their gas supplier.
Water: Municipal systems in Accident, Grantsville and Oakland; county maintains water systems in many other towns/areas.
Sewer: Municipal systems in Accident, Grantsville, Loch Lynn Heights, Mountain Lake Park and Oakland; county maintains systems in many other towns/areas.
Telecommunications: Verizon Maryland primarily offers traditional copper service for voice and data (POTS/PRI/DSL/DS3); AT&T Wireless and US Cellular are the largest cellular providers; Comcast, Shentel, ProCom, QCol (cable/fiber) and NeuBeam (fixed wireless) provide internet and VOIP services.
Contact the Garrett County Department of Business Development at business@ garrettcounty.org or 301.334.1921.
Garrett Co.
2.65%
Base – federal adjusted gross income; *Graduated rate peaking at 5.75% on taxable income over $300,000
Personal Income Tax (FY 2022)
2.0-5.75%*
QUALITY OF LIFE: BUSINESS DEVELOPMENT
Maryland
Real Property Tax (FY 2022)
$1.056 $0.112
Effective rate per $100 of assessed value; In an incorporated area, the county rate may vary and a municipal rate will also apply.
Sources: Maryland State Department of Assessments and Taxation; Comptroller of the Treasury
www.visitdeepcreek.com 49