Businesses and Arts Enterprises Incentives and Amenities

‚ÄčAdmissions & Amusement Tax Exemption Program

Arts venues and enterprises dedicated to visual or performing arts located within the District are exempt from the collection of the State of Maryland's Admissions and Amusement Tax. Businesses must qualify for the exemption and notification must be provided to the State of Maryland's Comptroller's Office in order to be eligible.

 

Property Tax Credit

The Property Tax Incentive is for renovation of approved spaces in the Silver Spring A&E District for artistic purposes. A 10 year credit reduces the increase in the property tax that occurs when the assessment increases after partial or complete renovation of a building.  

     Eligibility Requirements:

  • The building must be zoned:
    • Commercial
    • Manufacturing
    • Industrial
  • The project must include either new construction (whole or in part) or renovation to certain buildings located within the District
  • The building/renovation must encompass space for an A&E Enterprise or create workspace or live-work space for artists
  • This tax abatement is available for a period of up to 10 years based on the level of improvements made to the property.
  • The improvements can receive the property tax credit if they are found to be capable for use by a qualifying artist or an arts and entertainment enterprise.

Public Art Amenity – Optional Method of Development

In the Silver Spring A&E District, the majority of public art pieces have come into existence through the largess of private companies which have chosen to install public art to satisfy a public space requirement.  The County receives public artworks as an amenity provided by private developers in exchange for increased density. Developers may choose to provide the artwork on their site as part of their public space requirement or may pay into the public art fund. This process was established in 1974 under the optional method standards of the Zoning Ordinance. The goal of the optional method is to create a more attractive urban environment through a package of public amenities designed to support increased density. Artworks approved under the optional method must be in publicly accessible and visible locations.  More information about the process can be found at http://www.montgomeryplanning.org/development/public_art/documents/MontCtyPublicArtGuidelines.pdf

Green Tape Process

Green Tape Process for building re-use projects cuts through “red tape” to help businesses work smoothly through permit processes to get their projects completed and open for business. 

Enterprise Zone

The Enterprise Zone is a tax credit plan which benefits businesses that add new jobs and property owners who make capital improvements.  This plan expired in 2006, but is still applicable to all who applied prior to the expiration date.  The Silver Spring A&E District made a concerted effort to notify and promote the plan to encourage as many businesses as possible to apply before the deadline. 

The New Jobs Tax Credit

The New Jobs Tax Credit  promotes job and construction growth throughout the County. 

Parking Lot District

The parking lot district has low cost public parking which is  free after 8PM.  Parking spaces are readily available in public parking lots, garages, and on-street. 

Van Go Shuttle Bus

The “Van Go” Shuttle bus is a free ride on bus that circles the central business district.  Running at eight minute intervals, this free bus encourages pedestrians to visit the shops and businesses throughout the district.

 

For Further Assistance on the Incentives and Amenities:

Silver Spring Arts and Entertainment District

1 Veterans Place

Silver Spring, MD 20910

Phone: (240) 777-5301

www.silverspringdowntown.com

reemberto.rodriguez@montgomerycountymd.gov

 

Property Tax Credit Inquiries

Mr. Michael Griffin

Department of Assessments and Taxation

301 West Preston Street, Room 808

Baltimore, Maryland 21201

410-767-1249

mgriffin@dat.state.md.us

 

Admissions & Amusement Tax Inquires

Mr. Daniel Riley

Maryland State Comptroller’s Office

301 West Preston Street

Baltimore, Maryland 21201

410-767-1557

driley@comp.state.md.us

 

Maryland Building Rehabilitation Code Program – Smart Codes

Maryland Department of Housing and Community Development

100 Community Place

Crownsville, Maryland 21032

Phone: 410-514-7000

Baines@dhcd.state.md.us

www.dhcd.state.md.us

 

Business Incentives Assistance:

Montgomery County Department of Economic Development

111 Rockville Pike

Suite 800

Rockville, MD 20850

Phone: (240) 777-2000

www.choosemontgomerymd.com

tina.benjamin@montgomerycountymd.gov

 

Small Business Assistance:

Sam Lloyd

Director, Small Business Development

Maryland Department of Business and Economic Development

World Trade Center

401 E. Pratt Street, 15th Floor

Baltimore, MD 21202

Phone: (410) 767-3213

www.choosemaryland.org

 

Department of Business and Economic Development

Maryland Economic Development Assistance Authority and Fund

Division of Financing Programs

World Trade Center

401 E. Pratt Street

Baltimore, MD 21202

www.dbed.maryland.gov

 

Department of Housing and Community Development

Division of Neighborhood Revitalization

Maryland Revitalization Center

10 North Calvert Street, Suite 44

Baltimore, MD 21202

410-209-5800

www.mdhousing.org