CHAPTER 467
(House Bill 877)

AN ACT concerning

Economic Development - Enterprise Zones - Intensive Care Focus Areas

FOR the purpose of providing that a political subdivision may request the Secretary
of Business and Economic Development to designate all or part of an enterprise
zone as an intensive care a focus area; specifying when the request may be
made; providing that the Secretary may grant the request if certain
requirements are met; requiring that the request include an intensive care area
strategic plan; specifying the contents of a strategic plan; requiring each unit of
State Government to give priority to funding projects that would further the
goals and objectives identified in a strategic plan; requiring the Department of
Business and Economic Development to give funding preference to business
projects located in an intensive care area; permitting the Department of
Business and Economic Development to adopt certain regulations; requiring the
Department to consult with the Department of Business and Economic
Development with respect to certain regulations; altering the calculation of a
certain State income tax credit allowed for certain wages paid by certain
business entities located in certain areas of certain designated enterprise zones
under certain circumstances; making the credit refundable under certain
circumstances; providing a credit against the sales and use tax for certain sales
and use tax paid on certain tangible personal property that becomes an integral
part of certain real property located in certain designated areas; requiring the
Comptroller to provide by regulation for refunds in lieu of the sales and use tax
credit under certain circumstances altering the calculation and application of a
certain property tax credit; defining a certain term terms; providing for the
application of this Act; providing for the creation of certain task forces a certain
task force; and generally relating to enterprise zones and intensive care focus
areas.

BY adding to

Article 83A—Department of Business and Economic Development
Section 5-105

Annotated Code of Maryland
(1998 Replacement Volume)

BY repealing and reenacting, with amendments,

Article 83A - Department of Business and Economic Development
Section 5-401, 5-402, and 5-404
Annotated Code of Maryland
(1998 Replacement Volume)

BY repealing and reenacting, with amendments,
Article - Tax - General