reglab/statecodes huggingface dataset:
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.03 - Strategic Plan

Current through Register Vol. 51, No. 14, July 12, 2024
A. To qualify for financial assistance, a county must, in consultation with the municipal corporations located within the county, develop, submit to the Secretary, and obtain from the Secretary approval for a local strategic plan for economic development.
B. The Department may develop a local strategic plan for economic development in a qualified distressed county in consultation with a municipal corporation in that county if the qualified distressed county has:
(1) Not developed a local strategic plan for economic development; or
(2) Developed a local strategic plan for economic development but is not actively pursuing financial assistance from the Fund.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.04 - Eligible Applicants

Current through Register Vol. 51, No. 14, July 12, 2024
A. The following may apply for financial assistance under this chapter:
(1) A qualified distressed county;
(2) MEDCO, as a coapplicant with a qualified distressed county; or
(3) Under the conditions set forth in §C of this regulation, MEDCO, as a coapplicant with a municipal corporation located in a qualified distressed county.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.05 - Financial Assistance

Current through Register Vol. 51, No. 14, July 12, 2024
A. Proceeds of the Fund may be used only for the purpose of providing financial assistance to qualified distressed counties and MEDCO.
B. Proceeds of financial assistance may be used only for:
(1) Acquisition, improvements, and rehabilitation of land for industrial sites and parks; and
(2) Development of:
(a) Water and sewer lines,
(b) Shell buildings,
(c) Infrastructure serving existing retail and office oriented centers occupying at least 400,000 square feet on a limited basis of not more than one per jurisdiction, and
(d) Other needed infrastructure projects.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.06 - Terms and Requirements

Current through Register Vol. 51, No. 14, July 12, 2024
A. Security. The Department may require that financial assistance be secured by:
(1) Liens and security interests in real and personal property;
(2) Guarantees;
(3) Any other collateral required by the Department; or
(4) A combination of the items in §A(1)-(3) of this regulation.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.07 - Application and Processing Procedures

Current through Register Vol. 51, No. 14, July 12, 2024
A. Application. An application for financial assistance shall be made on standard forms required by the Department. Each application shall include:
(1) A detailed local strategic plan for economic development for the qualified distressed county, approved by the relevant officials of the qualified distressed county or municipal corporation;
(2) A marketing plan designed to market the project to prospective businesses and a statement of planned marketing expenditures as a percent of the total financial assistance amount requested;
(3) A site plan for the project that is consistent with the county's local strategic economic development plan as to the location and type of project;
(4) The total amount of funds required for the project;
(5) The amount and type of funds available to the applicant without financial assistance from the Department;
(6) The amount of financial assistance sought from the Department and a description of the applicant's proposed use of proceeds;
(7) Information concerning the compliance of the applicant with State Finance and Procurement Article, Title 5, Subtitle 7B, Annotated Code of Maryland, concerning priority funding areas, including a written statement from the applicant that the project is located within a certified priority funding area or meets an exception;
(8) Information that relates to potential security for the loan;
(9) An environmental study on the project site;
(10) An "as built" appraisal of the project; and
(11) Any other relevant information the Department requests.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.08 - Drug-Free and Alcohol-Free Workplace

Current through Register Vol. 51, No. 14, July 12, 2024
The applicant shall:
A. Comply with the State's policy concerning drug-free and alcohol-free workplaces as set forth in COMAR 01.01.1989.18B; and
B. Make a good-faith effort to eliminate illegal drug use and alcohol and drug abuse from places at which work is performed in accordance with a loan.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.23 - One Maryland Economic Development Program for Distressed Counties › Section 24.05.23.09 - Waiver

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary may waive or vary particular provisions of this chapter to the extent that the waiver is not inconsistent with the Act if:
A. Conformance to the requirement of any federal, State, or local program in connection with a loan necessitates waiver or variance of a regulation; or
B. In the determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.01 - Scope and Administration

Current through Register Vol. 51, No. 14, July 12, 2024
Certification for the tax credits is administered by the Secretary of Commerce. The Comptroller of the Treasury, the Department of Assessments and Taxation, and the Insurance Commissioner shall administer the tax credits.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.03 - Notification Required

Current through Register Vol. 51, No. 14, July 12, 2024
A business entity shall notify the Department in writing of its intent to seek certification for a tax credit before:
A. Hiring any qualified employees to fill the 25 qualified positions necessary to satisfy the employment threshold required to qualify for the tax credit; and
B. Incurring any costs or expenses for which it intends to take a tax credit.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.04 - Certification Procedures

Current through Register Vol. 51, No. 14, July 12, 2024
A. Application.
(1) To obtain a preliminary certification as a qualified business entity, a business entity may apply to the Department on an application approved by the Department.
(2) To be certified as a qualified business entity, a business entity shall submit the information required in Regulation .11 of this chapter to the Department on an application approved by the Department.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.05 - Eligible Business Activities

Current through Register Vol. 51, No. 14, July 12, 2024
A. To qualify for a tax credit, a qualified business entity shall establish or expand a business facility in the State that is primarily engaged in one or more of the following qualifying activities:
(1) Manufacturing;
(2) Mining;
(3) Transportation;
(4) Communications;
(5) Filmmaking;
(6) Resort/recreational business (excluding adult entertainment);
(7) Agriculture;
(8) Forestry;
(9) Fishing;
(10) Research, development, or testing;
(11) Biotechnology;
(12) Computer programming, information technology, or other computer-related services;
(13) Central financial, real estate, or insurance services;
(14) The operation of central administrative offices or a company headquarters;
(15) A public utility;
(16) Warehousing; or
(17) Business services.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.06 - Start-Up Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. Eligibility. A qualified business entity may claim a start-up tax credit in the amount provided in §C of this regulation.
B. Limit. The start-up tax credit for a qualified business entity and all of its related entities and successors may not exceed $500,000 for an eligible economic development project. In extraordinary circumstances, the Secretary may make a written determination approving the maximum start-up tax credit for more than one proposed project in the same qualified distressed county if the proposed project is beyond the scope of the original project and is of significant value to the county due to number of jobs to be created, quality of jobs, job training programs to be offered, or other economic development factors.
C. Calculation. The start-up tax credit allowed for eligible startup costs for each credit year equals the lesser of:
(1) 100 percent of the qualified business entity's eligible startup costs associated with an eligible economic development project, less the amount of the credit allowed with respect to the eligible economic development project for prior credit years; or
(2) The product of multiplying $10,000 times the number of qualified employees employed at the new or expanded business facility.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.07 - Carryover of Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. Eligibility. A qualified business entity may claim a project tax credit for the costs of an eligible economic development project in a qualified distressed county if the amount of the qualified business entity's total eligible project costs for the eligible economic development project is at least $500,000.
B. Limit. The project tax credit for a qualified business entity and all of its related entities and successors may not exceed $5,000,000 for an eligible economic development project. In extraordinary circumstances, the Secretary may make a written determination approving the maximum project tax credit for more than one proposed project in the same qualified distressed county if the proposed project is beyond the scope of the original project and is of significant value to the county due to number of jobs to be created, quality of jobs, job training programs to be offered, or other economic development factors.
C. Calculation.
(1) Subject to the limitation under §C(2) of this regulation, the project tax credit allowed for an eligible economic development project is equal to 100 percent of the eligible project costs for the eligible economic development project, less the amount of the credit allowed with respect to the eligible economic development project for prior credit years.
(2) Except as provided in §D(1) and (2) of this regulation, the credit allowed under this regulation for any credit year may not exceed the State tax for the credit year on the qualified business entity's income generated by or arising out of the eligible economic development project (the "project income"), as determined by the Comptroller and the Department of Assessments and Taxation.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.08 - Earning the Tax Credits

Current through Register Vol. 51, No. 14, July 12, 2024
Before a qualified business entity earns a tax credit, it shall meet the following timing requirements:
A. Construction, acquisition, or installation of the project shall begin within 12 months after the earlier of the date on which the qualified business entity:
(1) Notifies the Department in writing that it intends to apply for a tax credit for a project in that county; or
(2) Provides a written application to the Department for a tax credit for a project in that county;
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.09 - Claiming the Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. The same tax credit may not be claimed more than once against different taxes by the same taxpayer.
B. A tax credit may not be claimed against taxes resulting from the sale of the eligible economic development project without the written consent of the Secretary.
C. A tax credit may be claimed only once against a particular eligible economic development project.
D. An organization that is exempt from taxation under § 501(c) (3) or (4) of the Internal Revenue Code may file an income tax return to claim a refund under Tax-General Article, §10-714, Annotated Code of Maryland.
E. An insurer may file for the credit on the insurance premiums tax return form.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.10 - Carryover of Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. A qualified business entity may carry over a tax credit to a succeeding tax year if:
(1) The tax credit allowed exceeds the total tax otherwise due from the qualified business entity; and
(2) Except as provided in §E of this regulation, the succeeding tax year, the qualified business entity continues to employ at least 25 qualified employees at the eligible economic development project.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.11 - Information Required from Entity

Current through Register Vol. 51, No. 14, July 12, 2024
A. To be eligible to receive a tax credit, a business entity shall notify the Department in writing of its intent to seek certification for a tax credit as set forth in Regulation .03 of this chapter.
B. To obtain preliminary certification, the qualified business entity may provide the Department with a completed application for preliminary certification.
C. To obtain certification, the qualified business entity shall provide the Secretary with a completed application for certification, which shall contain the following:
(1) General information about the business, including name, address, contact person, federal employment identification number, North American Industrial Classification System number, and type of entity;
(2) General information about the project, including location, business activities undertaken, and project and startup costs incurred;
(3) The effective date of the start-up or expansion;
(4) For the period before the start-up or expansion, both for any existing operations at the project site and Statewide, the number of full-time employees, the number of full-time employees earning at least 150 percent of federal minimum wage, and the payroll of the existing employees;
(5) For the project, the number of qualified positions created, the number of qualified employees hired, and the payroll of those employees;
(6) A statement allowing the Department to have access to any information provided to the Comptroller or another appropriate agency by a qualified business entity in connection with eligibility for a tax credit allowed under this chapter; and
(7) Any other information that the Secretary requires.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.12 - Period of Availability

Current through Register Vol. 51, No. 14, July 12, 2024
The tax credit is applicable to all taxable years beginning after December 31, 1999.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.24 - One Maryland Economic Development Tax Credits › Section 24.05.24.13 - Waiver

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary may waive or vary particular provisions of this chapter to the extent that the waiver is not inconsistent with the Act if:
A. Conformance to the requirement of any federal, State, or local program necessitates waiver or variance of a regulation; or
B. In the determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter describes the:
A. Requirements for a film producer or film production company to receive a certificate of eligibility for the film production activity tax exemption; and
B. Procedures that will be used by the Department of Business and Economic Development to:
(1) Issue tax exemption certificates, and
(2) Monitor and evaluate the effectiveness of the film production tax exemption.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.02 - Scope and Administration

Current through Register Vol. 51, No. 14, July 12, 2024
Certification of eligibility for the sales and use tax exemption for film production activities is administered by the Department of Business and Economic Development. The Comptroller of the Treasury shall administer the tax exemption.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Act" means Economic Development Article, Title 6, Subtitle 2, and Tax-General Article, §11-226, Annotated Code of Maryland.
(2) "Comptroller" means Comptroller of the Treasury, State of Maryland.
(3) "Department" means the Department of Business and Economic Development.
(4) "Film producer" means an individual with sufficient recognized professional, artistic, or educational credentials to successfully undertake the business or artistic responsibilities of organizing and supervising the production of film production activity as defined in §B(5) of this regulation, or both.
(5) Film Production Activity.
(a) "Film production activity" means the production or post-production of film or video projects including feature films, television projects, commercials, corporate films, infomercials, music videos, or other projects for which the producer or production company will be compensated, and which are intended for nationwide commercial distribution.
(b) "Film production activity" includes the production or post-production of digital, animation, and multimedia projects.
(c) "Film production activity" does not include:
(i) Production or post-production of student films or noncommercial personal videos;
(ii) Any activity not necessary to and not undertaken directly and exclusively for the making of a master film, tape, or image; or
(iii) Production or post-production of projects the sale, display, exhibition, distribution, advertising, receipt or possession of which, in the State, would violate the provisions of any State or federal law, including but not limited to Criminal Law Article, Title 11, Subtitles 1 and 2, Annotated Code of Maryland.
(6) "Film production company" means a corporation, business trust, partnership, limited liability company, association, two or more persons having a joint or common interest, or any other legal entity with a currently valid federal tax ID number, that employs or includes one or more individuals who meet the qualifications for a film producer set forth in §B(4) of this regulation, and whose goal is to engage in film production activity.
(7) "Maryland Film Office" means the Maryland Film Office, a unit of the Department of Business and Economic Development's Division of Tourism, Film, and the Arts.
(8) Nationwide Commercial Distribution.
(a) "Nationwide commercial distribution" means intended for commercial distribution extending primarily beyond Maryland's local or regional (Maryland, Virginia, and the District of Columbia) market.
(b) "Nationwide commercial distribution" does not include:
(i) Distribution primarily via Internet transmission; or
(ii) Live coverage of an event, including but not limited to news, sporting events, and concerts.
(9) "Secretary" means the:
(a) Secretary of Business and Economic Development; or
(b) Secretary's designee.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.04 - Certification Procedures

Current through Register Vol. 51, No. 14, July 12, 2024
A. To apply for a certificate of eligibility to receive the film production activity tax exemption, a film producer or film production company shall submit to the Maryland Film Office, on an application form approved by the Department:
(1) Name of producer;
(2) Production company;
(3) Title of the project;
(4) Type of project (feature film, television series, commercial, etc.);
(5) Start date of preproduction and end date of production;
(6) Federal tax identification number;
(7) Home and local business address, telephone and fax numbers;
(8) Planned distribution of the project;
(9) Signature of an authorized agent;
(10) Production expenses projected to be incurred in the State;
(11) Production expenses projected to be subject to the Maryland sales and use tax in the absence of the exemption;
(12) Production expenses projected to be eligible for the sales and use tax exemption for film production activities; and
(13) Any other information requested by the Department.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.05 - Tax Exemption

Current through Register Vol. 51, No. 14, July 12, 2024
A. Sales and use tax does not apply to a sale of certain tangible personal property or services to a film producer or film production company certified by the Department if the tangible personal property or services are used directly in connection with a film production activity.
B. The types of tangible personal property and services used directly in connection with a film production activity which are subject to the sales and use tax exemption when sold to a film producer or film production company certified by the Department are specified by the Comptroller at COMAR 03.06.01.35B -E.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.25 - Film Production Tax Exemption › Section 24.05.25.06 - Waiver

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary may waive or vary particular provisions of this chapter to the extent that the waiver is not inconsistent with the Act if:
A. Conformance to the requirement of any federal, State, or local program necessitates waiver or variance of a regulation; or
B. In the determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter describes the procedures that will be used by the Secretary of Business and Economic Development to designate arts and entertainment districts.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.02 - Scope and Administration

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary of Business and Economic Development shall administer the Arts and Entertainment Districts Program. Local jurisdictions shall administer certain activities related to designation and taxes. The Department of Assessments and Taxation and the Comptroller shall administer activities related to revenue and taxes. The procedures set forth in this chapter are applicable to the designation of arts and entertainment districts and the administration of the State Arts and Entertainment Districts Program.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) Artistic Work.
(a) "Artistic work" means an original and creative work, whether written, composed, or executed, within one of the following categories:
(i) A book or other writing;
(ii) A play or performance of a play;
(iii) A musical composition or the performance of a musical composition;
(iv) A painting or other picture;
(v) A sculpture;
(vi) Traditional or fine crafts;
(vii) The creation of a film or the acting within a film;
(viii) The creation of a dance or the performance of a dance; or
(ix) The creation of original jewelry, clothing, or design.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.04 - Eligible Applicants and District Designation

Current through Register Vol. 51, No. 14, July 12, 2024
A. Subject to the requirements of this chapter, the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation may apply to the Secretary for designation of an arts and entertainment district in the county or municipal corporation.
B. County Application.
(1) Municipal Consent.
(a) A county may apply to the Secretary for designation of an area in the county as an arts and entertainment district, but if all or any portion of the area is within the boundaries of a municipal corporation, the governing body of the municipal corporation must first consent.
(b) The governing body of the municipal corporation shall state in its application whether, if the district is designated, it will offer the property tax credit under Tax-Property Article, §9-240, Annotated Code of Maryland, and the exemption from the admissions and amusement tax under Tax-General Article, §4-104, Annotated Code of Maryland, in the district.
(c) The required consent of the municipal corporation shall be obtained before submission of the application for designation and the consent document shall be included as part of the application.
(d) The required consent document shall be in the form required by local law or the governing body of the municipal corporation, or both.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.05 - Application for Designation

Current through Register Vol. 51, No. 14, July 12, 2024
A. An application for an arts and entertainment district shall include the following:
(1) A vicinity map and plan of the proposed district indicating:
(a) Existing improvements and, if known, their historic significance;
(b) Existing transportation facilities;
(c) Existing arts, entertainment, and tourist facilities; and
(d) Any proposed State or local capital improvements projects that affect the proposed district;
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.06 - Designation Determination and Notice

Current through Register Vol. 51, No. 14, July 12, 2024
A. A determination by the Secretary as to the area designated an arts and entertainment district is final.
B. The Secretary may give preference to applications for districts that are supported by all affected local jurisdictions and eligible for all available tax incentives.
C. The Secretary shall give written notice of a designation to both a political subdivision that receives a designation and the State agencies that will provide tax credits and other incentives and initiatives.
D. The Secretary shall notify a political subdivision that does not receive a requested designation in writing. The jurisdiction may reapply for a designation at any subsequent submission date by resubmitting the previously filed application or a revised application.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.07 - Expansion of Arts and Entertainment Districts

Current through Register Vol. 51, No. 14, July 12, 2024
A. Upon application, the Secretary may permit the expansion of a designated arts and entertainment district.
B. The political subdivision or subdivisions that originally obtained the district designation shall apply for the expansion.
C. An application for expansion of a designated arts and entertainment district shall set forth the basis for the request for expansion but need not duplicate data submitted for the original designation.
D. The designation period for the expansion area of the district runs simultaneously with the period of the original district designation and expires at the same time as the original district designation.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.08 - Redesignation of Arts and Entertainment Districts

Current through Register Vol. 51, No. 14, July 12, 2024
A. Upon application, the Secretary may permit redesignation of all or a portion of a designated arts and entertainment district.
B. Application Procedure.
(1) To apply for redesignation, the appropriate political subdivision shall file an application showing that the proposed district meets all the requirements for a new district, but need not duplicate the map requirements of Regulation .05A(1)-(2) of this chapter.
(2) A redesignation application shall also include the following information:
(a) An evaluation of the history and benefits of the existing district;
(b) An explanation of why portions of the existing arts and entertainment districts are included in the redesignation request;
(c) A comparison of the strategy for the redesignation application with that of the existing district; and
(d) Any other information requested by the Department.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.09 - Limit on Designation of Arts and Entertainment Districts

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Secretary may not designate more than six arts and entertainment districts in any calendar year.
B. Limit on Number of Districts.
(1) A county may not receive more than one designation of an area as an arts and entertainment district in any calendar year.
(2) A joint application by two or more counties counts as one designation of an area as an arts and entertainment district for each county.
(3) A joint application by two or more municipalities within the same county counts as one designation of an area as an arts and entertainment district within the county.
(4) A joint application by a county and a municipality located within an adjoining county counts as one designation of an area as an arts and entertainment district for each county.
(5) The application for expansion of a designated arts and entertainment district is not considered a new request and is not counted as one additional designation of an area as an arts and entertainment district for the appropriate county or counties.
(6) A redesignation request is not considered a new district request and is not counted as one additional designation of an area as an arts and entertainment district.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.10 - Property Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. The governing body of a county or municipal corporation may grant, by law, a real property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that:
(1) Is located in an arts and entertainment district; and
(2) Is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.11 - Annual Report

Current through Register Vol. 51, No. 14, July 12, 2024
A political subdivision receiving an arts and entertainment district designation from the Secretary shall submit an annual report on a fiscal year basis to the Secretary by September 1 following each fiscal year end, in the form and containing the information established by the Secretary.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.12 - Period of Availability

Current through Register Vol. 51, No. 14, July 12, 2024
Except as provided in Tax-Property Article, §9-240, Annotated Code of Maryland, the Arts and Entertainment Districts Program incentives and initiatives are available for a period of 10 years after the date on which the area becomes an arts and entertainment district.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.26 - Arts and Entertainment Districts › Section 24.05.26.13 - Waiver

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary may waive or vary particular provisions of this chapter to the extent that a waiver is not inconsistent with the law.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.01 - Objective

Current through Register Vol. 51, No. 14, July 12, 2024
The objective of the More Jobs for Marylanders Program is to increase the number and quality of new manufacturing jobs in the State and non-manufacturing jobs in opportunity zones.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.02 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter describes the procedures used by the Secretary of Commerce to establish the requirements necessary to qualify for the More Jobs for Marylanders Program.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.03 - Scope and Administration

Current through Register Vol. 51, No. 14, July 12, 2024
Certification for the More Jobs for Marylanders Program is administered by the Secretary of Commerce. The Secretary of Commerce administers the sales and use tax refund and the More Jobs for Marylanders Sales and Use Tax Reserve Fund. The Comptroller administers the income tax credit and the More Jobs for Marylanders Tax Credit Reserve Fund. The Department of Assessments and Taxation administers the real property tax credit established under Tax-Property Article, § 9-110, Annotated Code of Maryland, and the waiver of fees established under Corporations and Associations Article, §
									1-203.1, Annotated Code of Maryland.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.05 - Notification Required

Current through Register Vol. 51, No. 14, July 12, 2024
A. An existing business entity shall notify the Department of its intent to seek certification for a tax credit before hiring any employees to fill the qualified positions necessary to satisfy the requirements for a qualified business entity establishing or expanding the business facility on which the tax credit is based.
B. A new business entity shall notify the Department of its intent to seek certification for a tax credit before establishing its facility in the State.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.06 - Enrollment Certification Procedures

Current through Register Vol. 51, No. 14, July 12, 2024
A. A business entity may apply to the Department to enroll an eligible project in the Program if the eligible project:
(1) Is in a Tier I area and the business entity intends to create at least five qualified positions at the project location; or
(2) Is in a Tier II area and the business entity intends to create at least ten qualified positions at the project location.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.07 - Eligible Business Activities

Current through Register Vol. 51, No. 14, July 12, 2024
A. To qualify for the tax credit, a qualified business entity shall establish or expand a business facility in the State that is primarily engaged in manufacturing or any other business activity in an opportunity zone not excluded by Regulation .04B(3)(b) of this chapter.
B. In determining whether a business facility is engaged in a manufacturing activity, the Department shall consider the definitions set forth in the U.S. Department of Labor's Standard Industrial Classification Manual.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.08 - Income Tax Certification Procedures

Current through Register Vol. 51, No. 14, July 12, 2024
A. First Benefit Year. For each eligible project, a qualified business entity may submit an initial application no sooner than July of the fiscal year following the close of the first fully completed fiscal year that the qualified business entity is enrolled in the Program under Regulation .06F of this chapter and the business entity claims a Program benefit.
B. Subsequent Benefit Years.
(1) For each eligible project, a qualified business entity may submit an initial application no sooner than July of the fiscal year following the fiscal year referenced under §A of this regulation.
(2) A business entity shall receive a final certificate for a previous benefit year before submitting an initial application.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.09 - Priority of Funding for Initial Certificates

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Department shall approve initial applications submitted under Regulation .08 based on the following priority order:
(1) An eligible project in a Tier 1 area that received a final certificate in the previous fiscal year.
(2) An eligible project in a Tier II area that received a final certificate in the previous fiscal year.
(3) An eligible project in a Tier 1 area that did not receive a final certificate in the previous fiscal year.
(4) An eligible project in a Tier II area that did not receive a final certificate in in the previous fiscal year.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.10 - Program Benefits

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Program benefits authorized under this regulation 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 Tax-General Article, § 10-741(b), Annotated Code of Maryland;
(ii) A credit against the State property tax, established under Tax-Property Article, § 9-110, Annotated Code of Maryland;
(iii) A refund of sales and use tax paid during the immediately preceding taxable year, as provided under Tax-General Article, § 11-411, Annotated Code of Maryland; and
(iv) A waiver of fees charged by the State Department of Assessments and Taxation, established under Corporations and Associations Article, §
											1-203.1, Annotated Code of Maryland; and
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.11 - Amount of Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. The income tax credit earned under this regulation is equal to the product of:
(1) The State employer withholding amount, which is equal to the highest tax rate listed in Tax-General Article, § 10 "105(a), Annotated Code of Maryland; and
(2) The total amount of wages paid for each qualified position at an eligible project.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.12 - Sales and Use Tax Refund

Current through Register Vol. 51, No. 14, July 12, 2024
A. A qualified business entity may apply to claim the refund of sales and use tax paid during the immediately preceding calendar year for a sale of qualified personal property or services purchased solely for use at the eligible project.
B. Limitations.
(1) A qualified business entity shall be enrolled in the Program under Regulation .06 of this chapter to be eligible for a refund of sales and use tax paid for any benefit year.
(2) A qualified business entity shall continue to operate the eligible project for the calendar year in which the sales and use tax was paid.
(3) The purchase of qualified personal property and services was made on or after January 1, 2018.
(4) A qualified business entity may submit an application for refund on or after January 1 of the calendar year immediately following the purchase of the qualified personal property or services.
(5) The Department may not issue sales and use tax refunds in amounts in the aggregate totaling more than $1,000,000 in a fiscal year.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.13 - Real Property Tax Credit

Current through Register Vol. 51, No. 14, July 12, 2024
A. A qualified business entity may apply to claim a credit against the State's portion of the tax imposed on real property owned by either:
(1) A new manufacturer that locates in a Tier I Area; or
(2) A new non-manufacturer that locates in a Maryland opportunity zone.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.14 - Information Required from Entity

Current through Register Vol. 51, No. 14, July 12, 2024
A. To be eligible to receive the tax credit, a business entity shall notify the Department in writing of its intention to use the tax credit before hiring the qualified positions necessary for establishing or expanding a facility.
B. To obtain an initial certificate, the qualified business entity shall provide the Department with a completed initial application.
C. To obtain a final certificate, the qualified business entity shall provide the Department with a completed final application.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.15 - Sharing of Information

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Department shall require that any information provided under this chapter be verified including by an independent certified public accountant that the qualified business entity selects.
B. Any information provided to the Comptroller or the appropriate agency by a qualified business entity in connection with eligibility for a tax credit allowed under this chapter shall be shared by the Comptroller or the appropriate agency with the Department.
C. Information provided under §B of this regulation shall be subject to the confidentiality requirements applicable to the Comptroller or the appropriate agency.
Code of Maryland Regulations › Title 24 - DEPARTMENT OF COMMERCE › Subtitle 05 - ECONOMIC DEVELOPMENT › Chapter 24.05.27 - More Jobs for Marylanders Program › Section 24.05.27.16 - Waiver

Current through Register Vol. 51, No. 14, July 12, 2024
The Secretary may waive or vary particular provisions of this chapter to the extent that the waiver is not inconsistent with the Act if:
A. Conformance to the requirement of any federal, State, or local program necessitates waiver or variance of a regulation; or
B. In the determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.
Code of Maryland Regulations › Title 25 - OFFICE OF THE STATE TREASURER › Subtitle 01 - GENERAL REGULATIONS › Chapter 25.01.01 - Petition for Declaratory Ruling › Section 25.01.01.01 - Who May File

Current through Register Vol. 51, No. 14, July 12, 2024
Any interested person may file a petition with the Treasurer
				  with respect to the applicability of any statute pertaining to the Office of
				  the State Treasurer or the applicability of any regulation adopted by the
				  Treasurer.
Code of Maryland Regulations › Title 25 - OFFICE OF THE STATE TREASURER › Subtitle 01 - GENERAL REGULATIONS › Chapter 25.01.01 - Petition for Declaratory Ruling › Section 25.01.01.02 - Form

Current through Register Vol. 51, No. 14, July 12, 2024
The petition shall be in writing and shall contain a detailed
				  statement of the facts. It shall question the applicability of the State
				  statute or regulation to these facts. The petition shall contain the name,
				  address, and telephone number of the petitioner and a statement describing the
				  petitioner's interest in making the request for the declaratory ruling. In
				  addition, the petition shall contain a statement by the petitioner, under oath,
				  that the facts contained in the petition are true to the best of his knowledge,
				  information, and belief.