Md. Code Regs. 24.05.27.07

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

Section 24.05.27.07 - Eligible Business Activities

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.

Md. Code Regs. 24.05.27.07

Regulations .07 adopted effective 49:7 Md. R.469, eff. 4/4/2022