S.B. 558                                                  VETOES

(VI) COMPUTER PROGRAMMING, DATA PROCESSING, AND OTHER
COMPUTER RELATED SERVICES;

(VII) FINANCIAL, INSURANCE, OR REAL ESTATE SERVICES;

(VIII) WAREHOUSING;

(IX) CENTRAL ADMINISTRATIVE OFFICES OR COMPANY

HEADQUARTERS; OR

(X) AGRICULTURE, FORESTRY, OR FISHING; OR

(X) (XI) PUBLIC UTILITIES.

(2) THE TERMS USED IN THIS SUBSECTION TO REFER TO VARIOUS
TYPES OF BUSINESSES HAVE THE SAME MEANINGS AS THOSE TERMS ARE
COMMONLY DEFINED IN THE STANDARD INDUSTRIAL CLASSIFICATION MANUAL.

5-1103.

(A) (1) A QUALIFIED BUSINESS ENTITY MAY CLAIM A TAX CREDIT IN THE
AMOUNT DETERMINED UNDER THIS SECTION FOR THE ESTABLISHMENT OR
EXPANSION OF A MAJOR BUSINESS FACILITY IN THE STATE.

(2) THE SAME TAX CREDIT MAY NOT BE APPLIED MORE THAN ONCE
AGAINST DIFFERENT TAXES BY THE SAME TAXPAYER.

(B) (1) (I) EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, FOR ANY
QUALIFIED BUSINESS ENTITY, THE CREDIT EARNED UNDER THIS SECTION EQUALS
$1,000 MULTIPLIED TIMES THE NUMBER OF FOR EACH QUALIFIED FULL-TIME
EMPLOYEES EMPLOYEE EMPLOYED DURING THE CREDIT YEAR.

(II) THE CREDIT EARNED UNDER THIS SECTION EQUALS $1,500
MULTIPLIED TIMES THE NUMBER OF FOR EACH QUALIFIED FULL-TIME EMPLOYEES
EMPLOYEE EMPLOYED DURING THE CREDIT YEAR IF THE MAJOR BUSINESS
FACILITY IS LOCATED IN:

1. AN AREA DESIGNATED AS AN ENTERPRISE ZONE BY THE
SECRETARY UNDER § 5-402 OF THIS TITLE OR BY THE UNITED STATES
GOVERNMENT;

2. AN AREA DESIGNATED AS AN EMPOWERMENT ZONE BY
THE UNITED STATES GOVERNMENT PURSUANT TO 26 U.S.C. § 1391 ET SEQ.; OR

3. AN AREA DESIGNATED AS AN ELIGIBLE NEIGHBORHOOD
FOR ECONOMIC REVITALIZATION ASSISTANCE UNDER ARTICLE 83B, § 2-1303 OF THE
CODE.

(III) FOR EACH QUALIFIED FULL-TIME EMPLOYEE EMPLOYED
DURING THE CREDIT YEAR WHO MEETS THE DEFINITION OF A DISABLED
INDIVIDUAL UNDER § 21-401 OF THE EDUCATION ARTICLE, THE CREDIT EARNED
UNDER THE SECTION IS $1,500 INSTEAD OF $1,000.

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