Ch. 601

1996 LAWS OF MARYLAND

[(k)] (L) The subtraction under subsection (a) of this section includes the amount
of salary or wages paid for which a deduction is not allowed under § 280C(a) of the
Internal Revenue Code, not exceeding the credit allowed for targeted jobs under § 51 of
the Internal Revenue Code.

10 -702.1.

(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2) "AUTHORITY" MEANS THE MARYLAND HERITAGE AREAS
AUTHORITY ESTABLISHED UNDER § 13-1105 13-1103 OF THE FINANCIAL INSTITUTIONS
ARTICLE.

(3) "BUSINESS ENTITY' MEANS A CORPORATION, ASSOCIATION,
PARTNERSHIP, JOINT VENTURE, OR OTHER LEGALLY ORGANIZED ENTITY.

(4) "STATE DESIGNATED HERITAGE AREA" HAS THE MEANING STATED
IN § 13-1101(G) OF THE FINANCIAL INSTITUTIONS ARTICLE.

(5) "HERITAGE TOURISM ENTERPRISE" MEANS A BUSINESS ENTITY OR
A NEW BUSINESS ENTITY THAT:

(I) IS LOCATED IN A STATE DESIGNATED HERITAGE AREA THAT
THE AUTHORITY DETERMINES TO EXIST; AND

(II) OPERATES PRINCIPALLY TO PROVIDE GOODS AND SERVICES
TO VISITORS WHO RESIDE OUTSIDE THE STATE DESIGNATED HERITAGE AREA IN
WHICH THE BUSINESS ENTITY OR NEW BUSINESS ENTITY IS LOCATED.

(6)     "NEW BUSINESS ENTITY" MEANS A BUSINESS ENTITY THAT HAS
NEWLY RELOCATED TO THE STATE FROM OUTSIDE THE STATE OR THAT HAS BEEN
NEWLY ESTABLISHED IN THE STATE.

(7)     "QUALIFIED EMPLOYEE" MEANS AN INDIVIDUAL WHO IS A NEW
EMPLOYEE OF A BUSINESS ENTITY OR NEW BUSINESS ENTITY LOCATED WITHIN A
STATE DESIGNATED HERITAGE AREA

(3) "BUSINESS ENTITY' MEANS A PERSON CONDUCTING OR OPERATING
A TRADE OR BUSINESS IN THE STATE.

(4) "HERITAGE TOURISM ENTERPRISE" MEANS A BUSINESS ENTITY
THAT:

(I) IS LOCATED IN A CERTIFIED HERITAGE AREA: AND

(II) WHOSE ACTIVITIES ARE CONSISTENT WITH THE PURPOSES OF
THE MANAGEMENT PLAN OF THE CERTIFIED HERITAGE AREA.

(5) "CERTIFIED HERITAGE AREA" HAS THE MEANING STATED IN §
13-1101(D) OF THE FINANCIAL INSTITUTIONS ARTICLE.

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