CERTIFICATION FROM THE COUNTY OR MUNICIPAL CORPORATION, THE BUSINESS
ENTITY OR ANY OF ITS AFFILIATES MAY CLAIM A STATE TAX CREDIT AGAINST THE
INDIVIDUAL OR CORPORATE INCOME TAX, INSURANCE PREMIUMS TAX, OR
FINANCIAL RESTITUTION FRANCHISE TAX, OR PUBLIC SERVICE COMPANY
FRANCHISE TAX AS PROVIDED UNDER SUBSECTION (D)(4) OF THIS SECTION.

[(c) (1) To qualify for a tax credit under this section, a business entity shall:

(i) construct or expand by at least 5,000 square feet the premises
on which it conducts its business, through purchasing or constructing new premises
or by leasing new premises; and

(ii) employ at least 25 individuals in new permanent full-time
positions in the new or expanded premises.

(2)] (3) A tax credit may not be granted under this section if:

(i) the business entity [has] OR ANY OF ITS AFFILIATES HAVE
moved [its] THEIR operations from one [political subdivision] COUNTY in the State
to THE NEW OR EXPANDED PREMISES IN another; OR

(ii) the new or expanded premises has otherwise been granted a tax
credit or exemption under this article for the taxable year[; or

(iii) the business entity has been certified for a tax credit under
Article 83A, § 5-1102 of the Code].

[(3)] (4) [In addition to the requirements under paragraphs (1) and (2)
of this subsection, to] TO qualify for a tax credit under this section, the new or
expanded premises must be located in a priority funding area as designated in Title 5,
Subtitle 7B of the State Finance and Procurement Article.

[(d)] (5) To qualify for a property tax credit under this section against
property tax imposed on personal property a business entity shall certify that the
personal property is located on the [new or expanded] premises that qualify for a
PROPERTY tax credit OR ENHANCED PROPERTY TAX CREDIT under [subsection (c) of]
this section.

(6) TO QUALIFY FOR A TAX CREDIT UNDER THIS SECTION, BEFORE IT
OBTAINS THE NEW OR EXPANDED PREMISES OR HIRES EMPLOYEES TO FILL THE
NEW PERMANENT FULL-TIME POSITIONS AT THE NEW OR EXPANDED PREMISES, A
BUSINESS ENTITY SHALL PROVIDE WRITTEN NOTIFICATION TO THE COUNTY OR
MUNICIPAL CORPORATION IN WHICH THE NEW OR EXPANDED PREMISES ARE
LOCATED:

(I) THAT IT INTENDS TO CLAIM THE PROPERTY TAX CREDIT OR
ENHANCED PROPERTY TAX CREDIT;

(II) IF IT INTENDS TO CLAIM THE ENHANCED PROPERTY TAX
CREDIT, HOW IT EXPECTS TO MEET THE REQUIREMENTS TO QUALIFY FOR THE
ENHANCED PROPERTY TAX CREDIT; AND