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LAWS OF MARYLAND

Ch. 280

BY repealing and reenacting, with amendments,

Article 81 - Revenue and Taxes

Section 291A

Annotated Code of Maryland

(1980 Replacement Volume and 1985 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.

(a) In this section the following words have the meanings
indicated:

(1)  (i) "Business entity" means a person conducting
or operating a trade or business;

(ii) "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;

(2)  "Enterprise zone" means an area designated under
§ 266KK-2 of Article 41; and

(3)  "Qualified employee" means an individual who:

(i) Is a new employee or an employee rehired
after being laid off for more than [one year] 6 MONTHS by the
business entity;

(ii) Is employed at least 25 hours per week by
a business entity for at least 6 months before or during that
business entity's taxable year for which a credit is claimed;

(iii) Spends at least one-half of the hours
under subparagraph (ii) of this paragraph, either in the
enterprise zone or on activities of the business entity resulting
directly from its location in the enterprise zone; and

(iv) Is hired by the business entity after the
later of:

1.  The date on which the enterprise zone
is designated; or

2.  The date on which the business entity
locates in the enterprise zone;