Ch. 84                                     1996 LAWS OF MARYLAND

(A) IT IS THE INTENT OF THE GENERAL ASSEMBLY THAT THE JOB CREATION
TAX CREDITS AUTHORIZED UNDER THIS SUBTITLE ARE FOR THE PURPOSE OF
INCREASING THE NUMBER OF NEW JOBS IN THE STATE BY ENCOURAGING THE
EXPANSION OF EXISTING PRIVATE SECTOR ENTERPRISES AND THE ESTABLISHMENT
OR ATTRACTION OF NEW PRIVATE SECTOR ENTERPRISES.

(B) (1) THE SECRETARY SHALL APPROVE CREDITS UNDER THIS SECTION
TO ASSIST IN THE EXPANSION OF EXISTING PRIVATE SECTOR ENTERPRISES AND
THE ESTABLISHMENT OR ATTRACTION OF NEW PRIVATE SECTOR ENTERPRISES.

(2) (I) THE SECRETARY SHALL APPROVE CREDITS UNDER THIS
SECTION PRIMARILY FOR BUSINESS ENTITIES CERTIFY A BUSINESS ENTITY AS
QUALIFYING FOR THE TAX CREDIT PROVIDED UNDER THIS SUBTITLE IF THE
BUSINESS ENTITY SATISFIES THE CRITERIA SET FORTH IN THIS SECTION.

(2) TO QUALIFY FOR THE TAX CREDIT PROVIDED UNDER THIS
SUBTITLE, A BUSINESS ENTITY MUST ESTABLISH OR EXPAND A BUSINESS FACILITY
IN THE STATE THAT:

(I) RESULTS IN THE CREATION OF AT LEAST 50 QUALIFIED
POSITIONS; AND

(II) IS ENGAGED IN:

1. MANUFACTURING OR MINING;

2. TRANSPORTATION OR COMMUNICATIONS;

3. AGRICULTURE, FORESTRY, OR FISHING;

4. RESEARCH, DEVELOPMENT, OR TESTING;

5. BIOTECHNOLOGY;

5. 6. COMPUTER PROGRAMMING, DATA PROCESSING, OR
OTHER COMPUTER RELATED SERVICES;

6. 7. FINANCIAL OR REAL ESTATE CENTRAL FINANCIAL,
REAL ESTATE, OR INSURANCE SERVICES;

7. 8. THE OPERATION OF CENTRAL ADMINISTRATIVE
OFFICES OR WAREHOUSES A COMPANY HEADQUARTERS;

8. 9. A PUBLIC UTILITY; OR

9. 10. ANY OTHER BUSINESS ACTIVITY IDENTIFIED IN THE
STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT PRODUCED BY THE COMMISSION
WAREHOUSING; OR

11. OPERATION OF ENTERTAINMENT, RECREATION,
CULTURAL, OR TOURISM RELATED ACTIVITIES IN A MULTIUSE FACILITY LOCATED
WITHIN A REVITALIZATION AREA IF THE FACILITY GENERATES A MINIMUM OF 1,000
NEW FULL-TIME EQUIVALENT FILLED POSITIONS IN A 24-MONTH PERIOD AND IS
NOT PRIMARILY USED BY A PROFESSIONAL SPORTS FRANCHISE.

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