WILLIAM DONALD SCHAEFER, Governor Ch. 110

subtitle and includes those facilities and properties used or
useful in connection with manufacturing, retail, trade, service
industries, supply, wholesaling, warehousing, or any other
industrial, commercial, or business purposes, including any
combination of these activities, whether for profit or not for
profit, and whether or not any facilities are located on a single
site. The term "project" includes land, buildings, structures,
machinery, equipment, furnishings, rail or motor vehicles,
barges, boats, and all real or personal properties and rights
therein and appurtenances, rights-of-way, franchises, easements,
and other interests in land, all land and facilities which are
functionally related and subordinate to the project and all
patents, licenses, and other rights necessary or useful in the
construction or operation of a project. It also includes any
facilities and properties within the definition of "project" set
forth in this section, whether or not such facilities or
properties can be financed by bonds the interest on which is tax
exempt under the Internal Revenue Code [of 1954].

5-304.

(a)  The following incentives and initiatives shall be
available to business entities to the extent provided for in this
section:

(2)  The income tax credits set forth in [Article 81,
§ 291A of the Code] § 10-702 OF THE TAX - GENERAL 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 § 5-302 of this subtitle may benefit
from the incentives and initiatives set forth in this section,
if:

(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]
§ 10-702 OF THE TAX - GENERAL ARTICLE; and

(d) Except as provided in [Article 81, § 291A of the Code]
§ 10-702 OF THE TAX - GENERAL ARTICLE and § 9-103 of the Tax -
Property Article, the incentives and initiatives set forth in
this section shall be available for a period of 10 years
following the date on which the area is designated an enterprise
zone pursuant to § 5-302 of this subtitle. No law hereinafter
enacted that eliminates or reduces the benefits available to
business entities under this section shall be applicable to any
business entity located in an enterprise zone prior to the
effective date of such law.

Article 44A - Housing Authorities

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