Ch. 601                                    1996 LAWS OF MARYLAND

TOURISM ENTERPRISE MAY APPLY THE EXCESS AS A CREDIT AGAINST THE STATE
INCOME TAX FOR THE SUCCEEDING TAXABLE YEARS UNTIL THE FULL AMOUNT OF
THE EXCESS IS USED.

(E) THE ENTITY THAT IS RESPONSIBLE FOR IMPLEMENTING THE
MANAGEMENT PLAN OF A CERTIFIED HERITAGE AREA AS DESIGNATED BY THE
LOCAL JURISDICTIONS, SHALL CERTIFY THAT A BUSINESS ENTITY IS A HERITAGE
TOURISM ENTERPRISE.

(F) IF THE ENTITY THAT IS RESPONSIBLE FOR IMPLEMENTING THE
MANAGEMENT PLAN. DESIGNATED BY THE LOCAL JURISDICTIONS, CERTIFIES THAT
A BUSINESS ENTITY IS A HERITAGE TOURISM ENTERPRISE. THE ENTITY SHALL
FORWARD A COPY OF THE CERTIFICATION TO THE COMPTROLLER.

(G) THE COMPTROLLER SHALL:

(1) CERTIFY THAT THE EMPLOYEES OF A BUSINESS ENTITY ARE
QUALIFIED EMPLOYEES; AND

(2) ADOPT REGULATIONS FOR THE CERTIFICATION OF QUALIFIED
EMPLOYEES AND CALCULATION OF THE CREDIT UNDER THIS SECTION.

10-704.4.

AN INDIVIDUAL OR CORPORATION MAY CLAIM A CREDIT AGAINST THE STATE
INCOME TAX FOR A CERTIFIED REHABILITATION AS PROVIDED UNDER ARTICLE
83B. § 5-801 OF THE CODE

Article 83B - Department of Housing and Community Development

SUBTITLE 8. REHABILITATION TAX CREDITS
5-801.

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

(2) "BUSINESS ENTITY" MEANS A CORPORATION, ASSOCIATION,
PARTNERSHIP, JOINT VENTURE, OR OTHER LEGAL ENTITY.

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

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

(3) (4) "CERTIFIED HERITAGE STRUCTURE" MEANS A STRUCTURE
THAT IS:

(I)      LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES;

(II)    DESIGNATED AS A HISTORIC PROPERTY UNDER LOCAL LAW;

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