WILLIAM DONALD SCHAEFER, Governor

Ch. 311

(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 §
9-103 of the Tax - Property Article.

(2)  The income tax credits set forth in Article 81, §
291A of the Code.

(3)  The consideration for loans under the Maryland
Industrial Land Act set forth in § [12-409] 5-409 of this
article.

(4)  The consideration for grants and loans from the
Maryland Industrial and Commercial Redevelopment Fund set forth
in § 12-503(c) of this article.

(5)  Insurance by the Enterprise Zone Venture Capital
Guarantee Fund established in § [12-305] 5-305 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 § [12-302] 5-302 of this subtitle may
benefit from the incentives and initiatives set forth in this
section, if:

(1)  The business entity meets the requirements and
conditions of the Code section applicable to each incentive or
initiative;

(2)  The business entity is certified by the
respective political subdivision that it is in compliance with
the standards submitted by the subdivision under § [12-302]
5-302{d)(4) of this [subheading] SUBTITLE; and

(3)  (i) The business entity creates new or additional
jobs or makes a capital investment in order to qualify for the
property tax credit under § 9-103 of the Tax - Property Article
and the income tax credits under Article 81, § 291A of the Code;
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
Guarantee Fund, the Secretary determines that the business entity
will create new or additional jobs.

(c)  Any business entity located within an enterprise zone
before the date on which the enterprise zone is designated
pursuant to § [12-302] 5-302 of this subtitle may not benefit
from the incentives and initiatives set forth in this section

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