PARRIS N. GLENDENING, Governor

S.B. 558

(1) THE CREATION OF AT LEAST THE THRESHOLD NUMBER OF JOBS
FOR QUALIFIED FULL-TIME EMPLOYEES IN ACCORDANCE WITH § 5-1102 OF THIS
SUBTITLE; OR

(2) THE CREATION OF NEW JOBS FOR QUALIFIED FULL-TIME
EMPLOYEES WITH AN AGGREGATE PAYROLL GREATER THAN A THRESHOLD
AMOUNT EQUAL TO THE PRODUCT OF MULTIPLYING THE THRESHOLD NUMBER OF
JOBS UNDER § 5-1102 OF THIS SUBTITLE TIMES THE STATE'S AVERAGE ANNUAL
SALARY, AS DETERMINED BY THE DEPARTMENT.

(G) (H) "QUALIFIED FULL-TIME EMPLOYEE" MEANS AN EMPLOYEE WHO IS
A MARYLAND RESIDENT ON THE LAST DAY OF THE CALENDAR YEAR FILLING A
NEW PERMANENT FULL-TIME POSITION IN A MAJOR BUSINESS FACILITY IN THE
STATE.

5-1102.

(A) (1) THE DEPARTMENT SHALL 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) IF THE DEPARTMENT CERTIFIES A BUSINESS ENTITY AS A
QUALIFYING BUSINESS ENTITY, THE DEPARTMENT SHALL CERTIFY THE DATE ON
WHICH THE NEWLY ESTABLISHED OR EXPANDED FACILITY OF THE BUSINESS
ENTITY COMMENCED OR EXPANDED OPERATIONS.

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

(1) THE CREATION OF AT LEAST 100 60 JOBS FOR QUALIFIED FULL-TIME
EMPLOYEES DURING ANY 24-MONTH PERIOD: OR

(2) THE CREATION OF AT LEAST 30 NEW JOBS FOR QUALIFIED
FULL-TIME EMPLOYEES WITH AN IF THE AGGREGATE PAYROLL FOR THE NEW JOBS
IS GREATER THAN A THRESHOLD AMOUNT EQUAL TO THE PRODUCT OF
MULTIPLYING 100 60 TIMES THE STATE'S AVERAGE ANNUAL SALARY, AS
DETERMINED BY THE DEPARTMENT.

(C) (1) A BUSINESS ENTITY IS NOT ELIGIBLE FOR THE TAX CREDIT UNDER
THIS SUBTITLE UNLESS THE BUSINESS ENTITY IS ENGAGED IN ONE OR MORE OF THE
FOLLOWING BUSINESSES OR OPERATIONS AT THE NEWLY ESTABLISHED OR
EXPANDED FACILITY:

(I) MANUFACTURING OR MINING;

(II) TRANSPORTATION;

(III) COMMUNICATIONS;

(IV) BIOTECHNOLOGY;

(V) RESEARCH, DEVELOPMENT, AND TESTING;

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