Md. Code Regs. 24.05.27.05

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.27.05 - Notification Required

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.

Regulations .05 adopted effective 49:7 Md. R.469, eff. 4/4/2022