To qualify for a tax credit under this Subdivision, before it obtains the new or expanded premises or hires employees to fill the new permanent full-time positions at the new or expanded premises, a business entity shall, on a form furnished by the Director, provide written notification to the County: that it intends to claim the property tax credit or enhanced property tax credit; if it intends to claim the enhanced property tax credit, how it expects to meet the requirements to qualify for the enhanced property tax credit; and when it expects to obtain and occupy the new or expanded premises and hire the required number of employees in the new permanent full-time positions. If a business entity meets the requirements for a tax credit under this Subdivision, the Director shall: certify to the Maryland Department of Assessments and Taxation and the Maryland Department of Business and Economic Development that the business entity has met the requirements for the tax credit for the taxable year that follows the date on which it met the requirements; and require submission of reports by the business entity during the three taxable years after any year when the tax credit was earned to verify that the business entity continues to satisfy all applicable requirements under this Subdivision.