related services;

headquarters;

PARRIS N. GLENDENING, Governor                             Ch. 756

4.       Research, development, or testing;

5.       Biotechnology;

6.       Computer programming, data processing, or other computer

7.       Central financial, real estate, or insurance services;

8.       The operation of central administrative offices or a company

9.       A public utility;

10.     Warehousing; [or]

11.      BUSINESS SERVICES, IF THE BUSINESS FACILITY
ESTABLISHED OR EXPANDED BY THE BUSINESS ENTITY IS LOCATED IN A STATE
PRIORITY FUNDING AREA; OR

[11.] 12. 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 or for
gaming.

(3) [The terms used in paragraph (2)(ii) of this subsection to refer to
various types of businesses shall have the same meanings as those terms which are
commonly defined in the standard industrial classification manual.] IN DETERMINING
WHETHER A BUSINESS FACILITY IS ENGAGED IN A QUALIFYING ACTIVITY
DESCRIBED IN PARAGRAPH (2)(II) OF THIS SUBSECTION, THE DEPARTMENT SHALL
CONSIDER THE DEFINITIONS SET FORTH IN THE STANDARD INDUSTRIAL
CLASSIFICATION MANUAL.

(c) (1) A qualified business entity may claim a tax credit in the amount
determined under this section.

(2) (i) Except as otherwise provided in this section, the credit earned
under this section equals the lesser of:

1.       $1,000 multiplied times the number of qualified employees
employed by the qualified entity during the credit year; and

2.       2.5% of the wages paid by the qualified business entity
during the credit year to the qualified employees.

(ii) For qualified employees working in a facility located in a
revitalization area, the credit earned under this section equals the lesser of:

1.       $1,500 multiplied times the number of qualified employees
employed by the qualified entity during the credit year; and

2.       5% of the wages paid by the qualified business entity during
the credit year to the qualified employees.

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