3336

LAWS OF MARYLAND

Ch. 711

1.  AGGREGATE PAR VALUE IN THE AMOUNT
REQUIRED UNDER EITHER ITEM (I) OR (II) OF PARAGRAPH (2) OF THIS
SECTION;

2.  AGGREGATE SHAREHOLDER'S EQUITY IN THE
AMOUNT REQUIRED UNDER EITHER ITEM (I) OR (II) OF PARAGRAPH (2) OF
THIS SECTION; OR

3.  AGGREGATE FAIR MARKET VALUE IN THE
AMOUNT REQUIRED UNDER ITEM (I) OR (II) OF PARAGRAPH (2) OF THIS
SECTION; and

(ii) Debt instruments, of the commercial bank or
corporation may not be considered.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 29, 1984.

CHAPTER 712

(House Bill 1591)

AN ACT concerning

Enterprise Zones - Certification Requirements -
Income Tax Credits

FOR the purpose of providing that an income tax credit for hiring
qualified employees in an enterprise zone may be claimed by
an employer in the same taxable year that the Comptroller of
the Treasury certifies that the employer has met the
qualifications required to be met to claim the credit.

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 291A

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 81 - Revenue and Taxes

291A.