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PARRIS N. GLENDENING, Governor Ch. 305
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(2) Except as provided in § 9-103 of the Tax - Property Article, "business
entity" does not include a person owning, operating, developing, constructing, or
rehabilitating property intended for use primarily as single or multifamily residential
property located within the enterprise zone.
(d) "County" means a county of this State and includes the Mayor and City
Council of Baltimore.
(e) "Department" means the Department of Business and Economic
Development.
(f) "Enterprise zone" means an area:
(1) Meeting the requirements of § 5-403 of this subtitle and so
designated by the Secretary pursuant to § 5-402 of this subtitle;
(2) So designated by the United States government; or
(3) Designated as an empowerment zone by the United States
government pursuant to 26 U.S.C. § 1391 et seq.
(g) "Focus area" means an area meeting the requirements of § 5-402(k) of this
subtitle and so designated by the Secretary pursuant to § 5-402 of this subtitle.
(h) ["Fund" means the Enterprise Zone Venture Capital Guarantee Fund.
(i) ] "Political subdivision" means any county or municipal corporation.
[(j)] (I) "Secretary" means the Secretary of Business and Economic
Development.
[(k)] (J) "Submission date" means April 15 and October 15 of any calendar
year.
5-404.
(a) The following incentives and initiatives shall be available to business
entities to the extent provided for in this section:
(1) The special property tax credit set forth in § 9-103 of the Tax -
Property Article;
(2) The income tax credits set forth in § 10-702 of the Tax - General
Article;
(3) The consideration for [loans under the Maryland Industrial Land Act
set forth in § 5-710 of this article;
(4) The consideration for grants and loans from the Maryland Industrial
and Commercial Redevelopment Fund set forth in § 5-803(c) of this article; and
(5) Insurance by the Enterprise Zone Venture Capital Guarantee Fund
established in § 5-405 of this article.] FINANCIAL ASSISTANCE FROM THE PROGRAMS
SET FORTH IN § 5-102 OF THIS ARTICLE.
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- 1779 -
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