IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Nov 2013 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2013 the Calvert County Board of County Commissioners provided $506 million in incentives to Dominion Resources for the expansion of a facility for the liquefaction of natural gas. According to the Washington Post the first part of the package includes 5-year PILOT agreement that locks the taxable value of the equipment at the facility at $15.1 million for the duration of the PILOT agreement. At the end of the 5-year agreement, the county will grant the company a 42 percent tax credit on new and repurposed equipment for nine years. In return, the company will make one-time, $25 million payment to the county at the beginning of the package agreement. The company is also obligated by the program rules to create 25 new jobs that pay above average county wage and to make a $2.5 million investment in the land or the equipment. 
 
A general concern about these submissions is that they may distortinter-state rather than inter-national commerce. Sure, they makeproduction less costly and thus potentially lower domestic marketprices.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other
271129 Other

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