tax benefits
Please Note: Maryland Benefits: Ultimately, the local office of the Maryland State Department of Assessments and Taxation will determine on a case-by-case basis if an establishment is an A&E enterprise. Qualifying artists and arts & entertainment venues are advised to contact the Office of the Maryland Comptroller for the most current information on the Income Tax Subtraction and Admission and Amusement Tax Exemption.
City and County Benefits: Click here to read the City of Salisbury Enterprise Zone Benefits.
A&E District tax benefits
A&E District tax benefits
The following information is taken from the Department of Business & Economic Development 2008 Application for A&E District Designation. This information may change. Interested artists and investors are advised to call the appropriate contact person with the Maryland agency responsible for these benefits. The Salisbury A&E District Steering Committee cannot ensure that this information is current.
The following tax benefits are available to qualifying persons or entities in A&E Districts: (See Definitions)
-
Real Property Tax Credit for the renovation of existing buildings or the construction of new buildings that are capable for use by "qualifying residing artists".
-
An Income Tax Subtraction Modification for income derived from artistic work sold by "qualifying resident artists". Artists who qualify do not pay state or local income tax on income derived from artistic work created and sold within the district. Tax Forms - from Maryland Taxation website
-
An exemption from the Admission and Amusement Tax levied on gross receipts from an admissions or amusement charge levied by an "arts and entertainment enterprise" or "qualifying residing artist" in a district.
The following information is taken from the Department of Business & Economic Development 2008 Application for A&E District Designation. This information may change. Interested artists and investors are advised to call the appropriate contact person with the Maryland agency responsible for these benefits. The Salisbury A&E District Steering Committee cannot ensure that this information is current.
The following tax benefits are available to qualifying persons or entities in A&E Districts: (See Definitions)
-
Real Property Tax Credit for the renovation of existing buildings or the construction of new buildings that are capable for use by "qualifying residing artists".
-
An Income Tax Subtraction Modification for income derived from artistic work sold by "qualifying resident artists". Artists who qualify do not pay state or local income tax on income derived from artistic work created and sold within the district. Tax Forms - from Maryland Taxation website
-
An exemption from the Admission and Amusement Tax levied on gross receipts from an admissions or amusement charge levied by an "arts and entertainment enterprise" or "qualifying residing artist" in a district.
state marketing of a&e districts
To assist artists and arts & entertainment enterprises interested in the Salisbury A&E District, the following information is provided from the Maryland Department of Business and Economic Development, Maryland State Arts Council Arts & Entertainment District Application. This information may change over time. The A&E District Committee will make every effort to maintain the most up-to-date information. However, for the most current information, please visit the Maryland State Arts Council website at www.msac.org.
The Salisbury Arts & Entertainment District is also part of Eat Drink Buy Art - On Maryland's Eastern Shore, a coalition of local arts districts working together to promote arts on Maryland's Eastern Shore.