CONSTRUCTING NEW PREMISES, CAUSING NEW PREMISES TO BE CONSTRUCTED, OR
LEASING NEWLY CONSTRUCTED PREMISES; AND

2. EMPLOY AT LEAST §1,000 1,250 INDIVIDUALS IN NEW
PERMANENT FULL-TIME POSITIONS PAYING AT LEAST 150% OF THE FEDERAL
MINIMUM WAGE AND LOCATED IN THE NEW OR EXPANDED PREMISES AND, IF
APPLICABLE, IN NEWLY RENOVATED PREMISES ADJOINING OR OTHERWISE
NEIGHBORING THE NEW OR EXPANDED PREMISES, DURING EACH YEAR IN WHICH
THE CREDIT IS CLAIMED.

(2) FOR A BUSINESS ENTITY TO QUALIFY FOR AN ENHANCED PROPERTY
TAX CREDIT UNDER THIS SUBSECTION, THE BUSINESS ENTITY, ALONG WITH ITS
AFFILIATES, SHALL BE PRIMARILY ENGAGED IN ONE OR MORE OF THE FOLLOWING
AT THE QUALIFYING PREMISES:

(I) MANUFACTURING OR MINING;

(II) TRANSPORTATION OR COMMUNICATIONS;

(III) AGRICULTURE, FORESTRY, OR FISHING;

(IV) RESEARCH, DEVELOPMENT, OR TESTING;

(V) BIOTECHNOLOGY;

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

(VII) CENTRAL FINANCIAL, REAL ESTATE, OR INSURANCE SERVICES
AS DEFINED IN ARTICLE 83A, § 5-1101 OF THE CODE;

(VIII) THE OPERATION OF CENTRAL ADMINISTRATIVE OFFICES OR A
COMPANY HEADQUARTERS AS DEFINED IN ARTICLE 83A, § 5-1101 OF THE CODE;

(DC) A PUBLIC UTILITY;

(X) WAREHOUSING; OR

(XI) BUSINESS SERVICES.

(3) TO QUALIFY FOR THE ENHANCED PROPERTY TAX CREDIT UNDER
THIS SUBSECTION, A BUSINESS ENTITY SHALL:

(I) WITHIN A 6-YEAR PERIOD BEGINNING ON THE NOTIFICATION
DATE, EMPLOY INDIVIDUALS IN THE NUMBER OF NEW PERMANENT FULL-TIME
POSITIONS REQUIRED UNDER PARAGRAPH (1) OF THIS SUBSECTION;

(II) DURING THE 6-YEAR HIRING PERIOD, OBTAIN AND OCCUPY
THE NEW OR EXPANDED PREMISES AND, IF APPLICABLE, THE NEWLY RENOVATED
PREMISES ADJOINING OR OTHERWISE NEIGHBORING THE NEW OR EXPANDED
PREMISES; AND