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<section article="gec" article_name="Economic Development" number="10-142" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="1" subtitle_name="Maryland Economic Development Corporation">
  <level label="a">
    <level label="1">
      <text>To the extent provided for in this section, a business entity that locates in a RISE zone is entitled to:</text>
      <level label="i">
        <text>for a business entity that locates in the RISE zone before January 1, 2023, the property tax credit under § 9–103.1 of the Tax – Property Article;</text>
      </level>
      <level label="ii">
        <text>for a taxable year beginning before January 1, 2023, the income tax credit under § 10–702 of the Tax – General Article; and</text>
      </level>
      <level label="iii">
        <text>priority consideration for financial assistance from programs in Title 5, Subtitle 1 of this article.</text>
      </level>
    </level>
    <level label="2">
      <text>For purposes of the income tax credit authorized under paragraph (1)(ii) of this subsection, the business entity is treated as being located in an enterprise zone.</text>
    </level>
  </level>
  <level label="b">
    <text>Subject to the limitations under subsection (a) of this section, a business entity that moves into or locates in a RISE zone on or after the date that the zone is designated under this part may qualify for the incentives under this section.</text>
  </level>
  <level label="c">
    <text>A business entity may not qualify for the incentives under subsection (a) of this section unless the Corporation, in consultation with the county or municipal corporation in which a RISE zone is located, certifies the business entity and its location as consistent with the target strategy of the RISE zone.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>Unless a business entity makes a significant capital investment or expansion of its labor force after a RISE zone is designated, the incentives under this section are not available to a business entity that was in a RISE zone before the date that the zone is designated.</text>
    </level>
    <level label="2">
      <text>The Corporation shall adopt regulations establishing factors to determine if a business entity makes a significant capital investment or expansion of its labor force under paragraph (1) of this subsection.</text>
    </level>
  </level>
</section>
