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Ch. 597
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LAWS OF MARYLAND
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1940
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(c) In determining if an area meets the requirements of
this section the Secretary may consider data provided by the
United States Bureau of the Census from the most recent census or
any other reliable data which the Secretary determines to be
acceptable for the purposes for which such data are used.
266KK-4.
(a) The following incentives and initiatives shall be
available to business entities to the extent provided for in this
section.
(1) The special property tax credit set forth in §
12G-11 of Article 81.
(2) The income tax credits set forth in § 291A of
Article 81.
(3) The consideration for loans under the Maryland
Industrial Land Act set forth in § 441D of this article.
(4) The consideration for grants and loans from the
Maryland Industrial and Commercial Redevelopment Fund set forth
in § 462(c).
(5) Insurance by the Enterprise Zone Venture Capital
Guarantee Fund established in § 266KK-5 of this article.
(b) Any business entity moving into or locating within an
enterprise zone on or after the date on which the enterprise zone
is designated pursuant to § 266KK-2 may benefit from the
incentives and initiatives set forth in this section, [provided
(1) that the] IF:
(1) THE business entity meets the requirements and
conditions of the Code section applicable to each incentive or
initiative[,];
(2) [that the] THE business entity [will create new
or additional jobs, and (3) that the business entity complies
with the standards submitted by the political subdivision under §
266KK-2(c).] IS CERTIFIED BY THE RESPECTIVE POLITICAL SUBDIVISION
THAT IT IS IN COMPLIANCE WITH THE STANDARDS SUBMITTED BY THE
SUBDIVISION UNDER § 266KK-2(D)(4); AND
(3) (I) THE BUSINESS ENTITY CREATES NEW OR ADDITIONAL
JOBS IN ORDER TO QUALIFY FOR THE SPECIAL PROPERTY TAX CREDIT
UNDER ARTICLE 81, § 12G-11 AND THE INCOME TAX CREDITS UNDER
ARTICLE 81, § 291A; AND
(II) IN CONSIDERING WHETHER THE BUSINESS ENTITY
QUALIFIES FOR LOANS AND GRANTS UNDER THE MARYLAND INDUSTRIAL LAND
ACT AND THE MARYLAND INDUSTRIAL AND COMMERCIAL REDEVELOPMENT FUND
AND FOR INSURANCE UNDER THE ENTERPRISE ZONE VENTURE CAPITAL
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