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PARRIS N. GLENDENING, Governor
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Ch. 538
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1. created when an employment function is shifted from an
existing business facility of the business entity or its affiliates located in Maryland to
another business facility of the same business entity or its affiliates, if the position
does not represent a net new job in the State;
2. created through a change in ownership of a trade or
business;
3. created through a consolidation, merger, or restructuring
of a business entity or its affiliates, if the position does not represent a net new job in
the State;
4. created when an employment function is contractually
shifted from an existing business entity or its affiliates, located in the State to
another business entity or its affiliates, if the position does not represent a net new
job in the State; or
5. filled for a period of less than 12 months.
(6) "New or expanded premises" means real property, including a
building or part of a building that has not been previously occupied OR A BUILDING
OR PART OF A BUILDING THAT HAS BEEN RENOVATED, where a business entity or its
affiliates locate to conduct business.
(7) "Notification date" means the date on which the business entity
provides written notice to the county or municipal corporation as required under
subsection (b)(6) of this section.
(d) (1) For a business entity to qualify for an enhanced property tax credit
under this subsection, the business entity, along with its affiliates, shall:
(i) 1. obtain at least 250,000 square feet of new or expanded
premises by purchasing newly constructed premises, constructing new premises,
causing new premises to be constructed, or leasing newly constructed premises;
2. continue to employ at least 2,500 individuals in existing
permanent full-time positions paying at least 150% of the federal minimum wage and
located at premises in the State where the business entity, along with its affiliates, is
primarily engaged in one or more of the industries listed in paragraph (2) of this
subsection; and
3. employ at least 500 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; [or]
(ii) 1. obtain at least 250,000 square feet of new or expanded
premises by purchasing newly constructed premises, constructing new premises,
causing new premises to be constructed, or leasing newly constructed premises; and
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2. employ at least 1,250 individuals in new permanent
full-time positions paying at least 150% of the federal minimum wage and located in
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- 4055 -
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