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2006 LAWS OF MARYLAND
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Ch. 191
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(ii) 80% of which is owned, directly or indirectly, by a business
entity.
(3) "Business entity" means a person conducting a trade or business in
the State, that is subject to the State individual or corporate income tax, insurance
premiums tax, financial institution franchise tax, or public service company franchise
tax.
(4) "Full-time position" means a position requiring at least 840 hours of
an individual's time during at least 24 weeks in a 6-month period.
(5) (i) "New permanent full-time position" means a position that is:
1. A. a full-time position of indefinite duration; or
B. in Montgomery County AND WASHINGTON COUNTY, a
full-time position of indefinite duration or a contract position of definite duration
lasting at least 12 months with an unlimited renewal option;
2. located in Maryland;
3. newly created, as a result of the establishment or
expansion of a business facility in the State; and
4. filled.
(ii) "New permanent full-time position" does not include a position
that is:
1. created when an employment function is shifted from an
existing business facility of the business entity or its affiliates located in Maryland to
another business facility of the same business entity or its affiliates, if the position
does not represent a net new job in the State;
2. created through a change in ownership of a trade or
business;
3. created through a consolidation, merger, or restructuring
of a business entity or its affiliates, if the position does not represent a net new job in
the State;
4. created when an employment function is contractually
shifted from an existing business entity or its affiliates, located in the State to
another business entity or its affiliates, if the position does not represent a net new
job in the State; or
5. filled for a period of less than 12 months.
(6) "New or expanded premises" means real property, including a
building or part of a building that has not been previously occupied, where a business
entity or its affiliates locate to conduct business.
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