Individual Tax Incentives
In the Bethesda and Silver Spring Arts & Entertainment Districts
The State of Maryland is proud to be the first state in the country to sponsor Arts and Entertainment Districts as a way to stimulate the economy and improve quality of life. This legislation enables local jurisdictions, municipalities, counties, or a combination thereof, to apply for state designations for the Arts and Entertainment Districts within their boundaries and offer tax incentives as provided by law. There are currently nineteen (19) Arts and Entertainment Districts in Maryland.
A qualifying residing artist may claim a subtraction for income derived from the sale, publication, production or performance of an artistic work within an arts and entertainment district, if the artist created that artistic work within that art and entertainment district.
The subtraction is only available to individuals. The subtraction is available to a single-member limited liability company, whose sole member is an individual, if the limited liability company is disregarded as an entity separate and apart from its member for federal income tax purposes and as such, the profit or loss of the limited liability company is reflected on the income tax return filed by the member of the limited liability company.
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801 Ellsworth Drive
Silver Spring, MD 20910
T: 301-565-3805 | F: 301-565-3809
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