<?xml version='1.0' encoding='utf-8'?>
<section article="ghs" article_name="Housing and Community Development" number="4-2504" title_number="4" title_name="Division of Development Finance" subtitle_number="25" subtitle_name="Qualified Workforce Housing Tax Credit">
  <level label="a">
    <text>On or before the last day of the taxable year in which a qualified workforce housing project that has been allocated a part of the State tax credit under this subtitle is placed in service, the owner shall:</text>
    <level label="1">
      <text>notify the Secretary that the project has been placed in service; and</text>
    </level>
    <level label="2">
      <text>certify that the project is a qualified workforce housing project eligible for the State tax credit.</text>
    </level>
  </level>
  <level label="b">
    <text>Within 15 days after notification that a project has been placed in service, the Secretary shall issue to the owner a final credit certificate for the project stating the final credit amount for the project, not to exceed the credit amount initially allocated to the project.</text>
  </level>
  <level label="c">
    <text>The Secretary shall:</text>
    <level label="1">
      <text>determine whether any event has occurred in violation of this subtitle or regulations adopted under this subtitle that makes the project ineligible for the State tax credit or otherwise triggers the recapture of any State tax credit as provided under § 10–749 of the Tax – General Article; and</text>
    </level>
    <level label="2">
      <text>promptly notify the Comptroller of the occurrence of the event.</text>
    </level>
  </level>
</section>
