SATISFY THE EMPLOYMENT THRESHOLD REQUIRED TO QUALIFY FOR THE TAX
CREDIT UNDER SUBSECTION (A)(7)(II) OF THIS SECTION

(2) (I) A BUSINESS ENTITY MAY NOT BE CERTIFIED AS QUALIFYING
FOR THE TAX CREDIT UNDER THIS SECTION IF AN ANNOUNCEMENT OF INTENT TO
ESTABLISH OR EXPAND THE BUSINESS FACILITY WAS MADE ON OR BEFORE APRIL 10,
1999.

(II) FOR PURPOSES OF THIS PARAGRAPH, AN ANNOUNCEMENT OF
INTENT TO ESTABLISH OR EXPAND A BUSINESS FACILITY INCLUDES A PRESS
CONFERENCE OR PRESS COVERAGE REGARDING THE PROJECT.

(3) TO BE CERTIFIED AS A QUALIFIED BUSINESS ENTITY, A BUSINESS
ENTITY SHALL SUBMIT THE FOLLOWING TO THE SECRETARY IN ACCORDANCE WITH
REGULATIONS ADOPTED BY THE SECRETARY:

(I) THE EFFECTIVE DATE OF THE START-UP OR EXPANSION;

(II) THE NUMBER OF FULL-TIME EMPLOYEES PRIOR TO THE
START-UP OR EXPANSION AND THE PAYROLL OF THE EXISTING EMPLOYEES;

(III) THE NUMBER OF QUALIFIED POSITIONS CREATED, QUALIFIED
EMPLOYEES HIRED, AND THE PAYROLL OF THOSE EMPLOYEES; AND

(IV) ANY OTHER INFORMATION THAT THE SECRETARY REQUIRES
BY REGULATION.

(2) (4) THE SECRETARY MAY REQUIRE ANY INFORMATION REQUIRED
UNDER THIS SUBSECTION TO BE VERIFIED BY AN INDEPENDENT AUDITOR
SELECTED BY THE QUALIFIED BUSINESS ENTITY.

(F) A QUALIFIED BUSINESS ENTITY MUST OBTAIN AND SUBMIT TO THE
COMPTROLLER APPROPRIATE STATE AGENCY WITH THE TAX RETURN ON WHICH
THE CREDIT IS CLAIMED, CERTIFICATION FROM THE SECRETARY THAT THE ENTITY
HAS MET THE REQUIREMENTS OF THIS SECTION AND IS ELIGIBLE FOR THE CREDIT.

Article - Insurance

6-119.

AN INSURER MAY CLAIM A CREDIT AGAINST THE PREMIUM TAX FOR ONE
MARYLAND START-UP COSTS AS PROVIDED UNDER ARTICLE 83A, § 5-1301(C) OF THE
CODE.

Article - Tax - General

8-220.

A FINANCIAL INSTITUTION MAY CLAIM A CREDIT AGAINST THE FINANCIAL
INSTITUTION FRANCHISE TAX FOR ONE MARYLAND PROJECT COSTS AND START-UP
COSTS AS PROVIDED UNDER ARTICLE 83A, § 5-130(B) AND (C) OF THE CODE.