PROPERTY TAX CREDIT PUBLICLY SPONSORED BUSINESS INCUBATOR

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Montgomery County Code, Section 52-18S

A Business Incubator is defined as: a program in which units of space are leased by multiple early-stage businesses that share physical common space, administrative services and equipment, business management training, mentoring, and technical support.

Business Name

Property Tax Account Number of Facility occupied by Business Incubator

REQUIREMENTS: The Department of Finance must allow a tax credit against all County property tax and special area tax imposed on property that is used as a business incubator if the State, the County or an agency or instrumentality of the State or County:

1) owns, controls, or leases the space that is used as a business incubator; or

2) provides at least 50% of the total funding received by the business incubator from all sources, not including rents received from incubator tenant firms.

I hereby certify under oath and affirmation, subject to the penalties provided by law, that the Business for which I am seeking a tax credit is a qualified Business Incubator as defined by the criteria and requirements stated above.

Applicant Sign Here

First Name

Last Name

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I hereby certify under oath and affirmation, subject to the penalties provided by law, that the information and responses in this application are true and correct to the best of my knowledge, information, and belief.

FOR OFFICE USE ONLY

The Department of Economic Development (DED) certifies that the Business applying for the Business Incubator Tax Credit, meets the criteria and requirements of eligibility.

DED authorized signature	Print Name	Title	Date

TOTAL SQUARE FOOTAGE PROPERTY: ______________

TOTAL SQUARE FOOTAGE (ATTRIBUTED TO BUSINESS INCUBATOR): _______________________________________