|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 666
|
|
|
|
|
2106
|
|
LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 41 - Governor - Executive and Administrative Departments
266KK-1.
For purposes of §§ 266KK-1 through 266KK-5 the following
words have the meanings indicated:
(b) (1) "Business entity" means a person operating or
conducting a trade or business;
|
|
|
|
|
|
|
|
|
|
(2) EXCEPT AS PROVIDED IN ARTICLE 81, § 12G-11
"BUSINESS ENTITY" DOES NOT INCLUDE A PERSON OWNING, OPERATING,
DEVELOPING, CONSTRUCTING, OR REHABILITATING PROPERTY INTENDED FOR
USE PRIMARILY AS SINGLE OR MULTIFAMILY RESIDENTIAL PROPERTY
LOCATED WITHIN THE ENTERPRISE ZONE;
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
