# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 07 — Property Tax Credits

### Chapter 04 — Enterprise Zone Tax Credit Program

#### Regulation .01 Definitions.

*COMAR 18.07.04.01*

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

  (1) “Business entity” has the meaning stated in Tax-Property Article, §9-103, Annotated Code of Maryland.

  (2) “Certified” means designated by a political subdivision as complying with the standards submitted by the subdivision as provided in Article 83A, §5-402(d)(4), Annotated Code of Maryland.

  (3) “Date of finality” has the meaning stated in Tax-Property Article, §1-101(i), Annotated Code of Maryland.

  (4) “Eligible assessment” means the value of qualified personal property which is initially purchased, acquired, leased, transferred, or otherwise brought into Maryland by a certified business entity from January 1 of the calendar year that entity is first certified until the underlying focus area expires.

  (5) “Focus area” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland.

  (6) “Political subdivision” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland.

  (7) “Qualified personal property” means personal property located in a focus area.

  (8) “Tax credit” means the enterprise zone tax credit provided for in Tax-Property Article, §9-103, Annotated Code of Maryland.

  (9) “Taxable year” has the meaning stated in Tax-Property Article, §1-101(ii), Annotated Code of Maryland.