reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  6-305 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 3 - Job Creation Tax Credit|Section 6-305 - Recapture

    (a)    If, during any of the 3 years after the credit year, the number of qualified positions of the qualified business entity falls more than 5% below the average number of qualified positions that existed during the credit year on which the credit was computed, the credit shall be recaptured as follows:        (1)    the credit shall be recomputed and reduced by the percentage reduction of the number of qualified employees;        (2)    the recomputed credit shall be subtracted from the amount of credit previously allowed; and        (3)    the qualified business entity shall pay the difference as taxes payable to the State for the taxable year in which the number of qualified positions falls more than 5% below the average number of qualified positions during the credit year.    (b)    If, during any of the 3 years after the credit year, the average number of qualified positions falls below the applicable threshold number of positions required under § 6–303(b)(1) of this subtitle, all credits earned shall be recaptured.    (c)    During the 3 taxable years after the credit year, a qualified business entity shall provide any information required by the Department in regulation to verify that the qualified business entity is not subject to subsection (a) or (b) of this section.
MD. Economic Development Code Ann. §  6-306 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 3 - Job Creation Tax Credit|Section 6-306 - Information Sharing; Confidentiality

    (a)    The Comptroller or other appropriate unit shall share with the Department any information received from a qualified business entity about eligibility for a credit allowed under this subtitle.    (b)    Information that is received under subsection (a) of this section is subject to the confidentiality requirements established by statute or regulation that apply to the Comptroller or unit that receives the information.
MD. Economic Development Code Ann. §  6-307 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 3 - Job Creation Tax Credit|Section 6-307 - Reports

    (a)    In accordance with § 2.5–109 of this article, the Department shall submit a report on:        (1)    each business entity certified as eligible for job creation tax credits in the preceding taxable year;        (2)    whether the credits for which the business entity was certified resulted from the entity’s establishment, expansion, or relocation;        (3)    whether the business entity had a presence in the State before claiming the credit;        (4)    the total number of employees of the business entity; and        (5)    the total number of years that the business entity has been in business.    (b)    In accordance with § 2–110 of the Insurance Article, the Maryland Insurance Commissioner shall submit a report on:        (1)    each insurer claiming the credit against the insurance premium tax under § 6–114 of the Insurance Article;        (2)    the total amount of credits claimed by insurers under § 6–114 of the Insurance Article; and        (3)    the number of insurers claiming the credit.
MD. Economic Development Code Ann. §  6-308 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 3 - Job Creation Tax Credit|Section 6-308 - Regulations

    (a)    Except as otherwise provided in this section, the Secretary shall adopt regulations to carry out this subtitle.    (b)    The Comptroller shall adopt regulations to provide for the computation, carryover, and recapture of the credit under § 10-704.4 of the Tax - General Article.    (c)    The State Department of Assessments and Taxation shall adopt regulations to provide for the computation, carryover, and recapture of the credit under §§ 8-214 and 8-411 of the Tax - General Article.    (d)    The Insurance Commissioner shall adopt regulations to provide for the computation, carryover, and recapture of the credit under § 6-114 of the Insurance Article.
MD. Economic Development Code Ann. §  6-309 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 3 - Job Creation Tax Credit|Section 6-309 - Termination; Limitations

    (a)    Subject to subsection (b) of this section, this subtitle and the tax credit authorized under it shall terminate on January 1, 2022.    (b)    After termination of this subtitle:        (1)    a business entity may be considered for eligibility for the tax credit authorized under this subtitle based on positions filled before termination of this subtitle, provided that the other requirements of the subtitle are satisfied; and        (2)    tax credits earned may be carried forward and are subject to recapture in accordance with § 6–305 of this subtitle.
MD. Economic Development Code Ann. §  6-404 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 4 - One Maryland Economic Development Tax Credit|Section 6-404 - Reduction of Tax Revenue

    A refund payable to a qualified business entity under § 6–403(e) of this subtitle reduces:        (1)    the income tax revenue from corporations if the qualified business entity is a corporation subject to the income tax under Title 10 of the Tax – General Article;        (2)    the income tax revenue from individuals if the qualified business entity is:            (i)    an individual subject to the income tax under Title 10 of the Tax – General Article; or            (ii)    an organization exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; and        (3)    insurance premium tax revenues if the qualified business entity is subject to taxation under Title 6 of the Insurance Article.
MD. Economic Development Code Ann. §  6-405 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 4 - One Maryland Economic Development Tax Credit|Section 6-405 - Prohibiting Qualified Business Entity Claiming Credit Under Subtitle 3

    For any taxable year, if a qualified business entity claims the project tax credit authorized under this subtitle, the qualified business entity may not also claim a credit authorized under Subtitle 3 of this title.
MD. Economic Development Code Ann. §  6-406 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 4 - One Maryland Economic Development Tax Credit|Section 6-406 - Regulations

    The Secretary shall adopt regulations to specify criteria and procedures for application and approval of projects for the tax credit under this subtitle.
MD. Economic Development Code Ann. §  6-701 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-701 - Definitions [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Aerospace, electronics, or defense contract tax credit project” means a project that meets the requirements of § 6–702 of this subtitle and is designated as an aerospace, electronics, or defense contract tax credit project by the Department under § 6–702 of this subtitle.    (c)    “Credit year” means the taxable year in which a qualified business entity claims the income tax credit allowed in accordance with § 6–702 of this subtitle.    (d)    (1)    “Qualified business entity” means a person conducting or operating a for–profit trade or business in the State that is certified in accordance with § 6–702 of this subtitle as qualifying for the income tax credit under this subtitle.        (2)    “Qualified business entity” does not include a governmental entity.    (e)    “Qualified expenditures” means capital expenditures that have been expended or will be expended by a qualified business entity and that the Department determines meet the requirements for an aerospace, electronics, or defense contract tax credit project in accordance with § 6–702 of this subtitle.    (f)    (1)    “Qualified position” means a position that:            (i)    is full time and of indefinite duration;            (ii)    has an annual salary of at least $85,000, including associated benefits;            (iii)    is located in the State;            (iv)    is newly created or retained as a result of the aerospace, electronics, or defense contract tax credit project of the qualified business entity; and            (v)    is filled.        (2)    “Qualified position” does not include a position that is filled for a period of less than 12 months.
MD. Economic Development Code Ann. §  6-702 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-702 - General Consideration [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    (a)    A qualified business entity operating an aerospace, electronics, or defense contract tax credit project is eligible for the income tax credit described in § 6–703 of this subtitle.    (b)    The Department shall certify a business entity as a qualified business entity within 60 days of receiving an application that evidences that the applicant has satisfied the requirements of this section.    (c)    (1)    The Department may certify a project as an aerospace, electronics, or defense contract tax credit project if the business entity that will operate the project:            (i)    creates or retains at least 10,000 qualified positions; and            (ii)    submits a budget evidencing that the business entity will expend at least $25,000,000 in qualifying expenditures, as determined by the Department, during the credit year.        (2)    The qualified positions and qualified expenditures required under paragraph (1) of this subsection must result from an aerospace, electronics, or defense contract project located in the State.    (d)    (1)    To be eligible for the tax credit under this subtitle, the business entity that operates the aerospace, electronics, or defense contract tax credit project shall submit to the Department an application, the form and content of which shall be determined by the Department.        (2)    The application required under paragraph (1) of this subsection shall contain:            (i)    a new contract executed by the business entity for the provision of goods or services in connection with an aerospace, electronics, or defense contract;            (ii)    the number of full–time positions with an annual salary of at least $85,000, including benefits, to be retained or hired as part of the aerospace, electronics, or defense contract; and            (iii)    a budget for the project that includes the amount of qualified expenditures that the applicant pledges to expend in connection with the aerospace, electronics, or defense contract.    (e)    The Department may require that any information provided under subsection (d) of this section be verified by an independent certified public accountant that the business entity and the Department select.    (f)    A qualified business entity may receive up to three designations for aerospace, electronics, or defense contract tax credit projects in a fiscal year.    (g)    The Department may not approve designations for aerospace, electronics, or defense contract tax credit projects that would result in total aggregate tax credits exceeding $7,500,000 in a taxable year.
MD. Economic Development Code Ann. §  6-703 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-703 - Amount of Credit [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    (a)    (1)    A qualified business entity may claim an income tax credit in the amount determined under this section.        (2)    A qualified business entity shall submit to the Comptroller, with the tax return on which the credit is claimed, certification from the Department that the business entity has met the requirements of this subtitle and is eligible for the credit.    (b)    (1)    Except as provided in paragraph (2) of this subsection, the credit earned under this section for an aerospace, electronics, or defense contract tax credit project is $250 multiplied by the number of qualified employees employed by the qualified business entity during the credit year.        (2)    The credit earned by a qualified business entity for an aerospace, electronics, or defense contract tax credit project under this subtitle may not exceed $2,500,000 for any credit year.    (c)    (1)    The credit earned under subsection (b) of this section shall be taken over a 1–year period.        (2)    If the credit allowed under this subtitle in any taxable year exceeds the total income tax otherwise payable by the qualified business entity for that taxable year, the qualified business entity may claim a refund in the amount of the excess.
MD. Economic Development Code Ann. §  6-704 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-704 - Recapture of Credit [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    (a)    If, during either of the 2 years after the credit year, the number of qualified positions of the qualified business entity falls below a rolling average over the past 2 years of 10,000, the credit shall be recaptured as follows:        (1)    the credit shall be recomputed and reduced on a proportionate basis, based on the reduction of the rolling average number of qualified employees over the past 2 years;        (2)    the recomputed credit shall be subtracted from the amount of credit previously allowed; and        (3)    the qualified business entity shall pay the difference calculated in item (2) of this subsection as taxes payable to the State for that taxable year.    (b)    If, during any of the 2 years after the credit year, the rolling average number of qualified positions falls below 9,000 for the past 2 years, all credits earned shall be recaptured.    (c)    (1)    For the 3 taxable years after the credit year, a qualified business entity shall provide any information required by the Department to verify that the qualified business entity is not subject to the provisions of subsection (a) or subsection (b) of this section.        (2)    The Department may require that any information provided under this subsection be verified by an independent certified public accountant that the qualified business entity and the Department select.
MD. Economic Development Code Ann. §  6-705 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-705 - Sharing and Confidentiality of Information [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    (a)    By claiming the tax credits under this subtitle, the qualified business entity authorizes the Comptroller to share with the Department any information received from a qualified business entity about eligibility for a credit allowed under this subtitle.    (b)    Information that is received under subsection (a) of this section is subject to the confidentiality requirements that apply to the Comptroller.
MD. Economic Development Code Ann. §  6-706 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-706 - Reports [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    In accordance with § 2.5–109 of this article, the Department shall submit a report on the business entities certified as eligible for aerospace, electronics, or defense contract project tax credits in the preceding fiscal year.
MD. Economic Development Code Ann. §  6-707 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 7 - Aerospace, Electronics, or Defense Contract Tax Credit Program|Section 6-707 - Regulations [Subtitle Subject to Abrogation]

    // EFFECTIVE UNTIL JUNE 30, 2021 PER CHAPTER 320 OF 2016 //    The Secretary may establish by regulation any other requirements necessary and appropriate to carry out this subtitle.
MD. Economic Development Code Ann. §  6-802 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-802 - Program Established

    There is a More Jobs for Marylanders Program in the Department.
MD. Economic Development Code Ann. §  6-804 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-804 - Benefits and Requirements

    (a)    The Program benefits authorized under this section may be claimed by a qualified business entity for up to 10 consecutive benefit years.    (b)    On enrollment in the Program:        (1)    a new business entity in a Tier I area is eligible for:            (i)    a credit against the State income tax, established under § 10–741(b) of the Tax – General Article;            (ii)    a credit against the State property tax, established under § 9–110 of the Tax – Property Article;            (iii)    a refund of sales and use tax paid during the immediately preceding taxable year, as provided under § 11–411 of the Tax – General Article; and            (iv)    a waiver of fees charged by the State Department of Assessments and Taxation, established under § 1–203.1 of the Corporations and Associations Article; and        (2)    except as provided in subsection (c) of this section, an existing business entity that operates an eligible project is eligible for a credit against the State income tax, established under § 10–741(b) of the Tax – General Article.    (c)    The income tax credit established under § 10–741(b) of the Tax – General Article is not available to an existing business entity if the entity moves its facility to another county in the State on or after June 1, 2017.    (d)    If the number of qualified positions at the eligible project decreases to a number less than the number established in the first benefit year, the project shall be removed from the Program and all program benefits terminate.
MD. Economic Development Code Ann. §  6-805 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-805 - Certification

    (a)    The Department shall provide to a qualified business entity a certificate that:        (1)    certifies the eligible project that is enrolled in the Program;        (2)    provides the duration of the certification; and        (3)    provides any additional information necessary for the Comptroller and Department to administer the Program.    (b)    The Department may not provide a qualified business entity a certificate on or after June 1,  2022.
MD. Economic Development Code Ann. §  6-806 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-806 - Revocation of Certification

    (a)    The Department may revoke its certification under this subtitle, in whole or in part, if any representation made by a qualified business entity is determined by the Department to have been false when made.    (b)    If the Department revokes its certification as provided under subsection (a) of this section, the Comptroller may make an assessment against the qualified business entity to recapture any amount of a tax credit or any other benefit that the qualified business entity has received.
MD. Economic Development Code Ann. §  6-807 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-807 - Verification of Information; Use; Confidentiality

    (a)    The Department may require that any information provided under this subtitle be verified by an independent certified public accountant that the qualified business entity and the Department select.    (b)    (1)    Acceptance by a qualified business entity of the Program   benefits under this subtitle shall be deemed to authorize the Comptroller to share with the Department any information received from a qualified business entity about eligibility for a benefit allowed under this subtitle.        (2)    Information that is received by the Department or Comptroller under paragraph (1) of this subsection is subject to confidentiality requirements established by law.
MD. Economic Development Code Ann. §  6-808 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-808 - Regulations

    The Secretary may adopt any regulation necessary and appropriate to carry out this subtitle.
MD. Economic Development Code Ann. §  6-809 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 6 - Economic Development Tax Incentives|Subtitle 8 - More Jobs for Marylanders Program|Section 6-809 - Reports

    On or before December 1 each year, the Department shall report to the General Assembly, in accordance with § 2–1257 of the State Government Article, on the qualified business entities receiving final certification in the preceding fiscal year.