In this chapter, the following terms have the meanings indicated. Terms Defined. “Business entity” has the meaning stated in Tax-Property Article, §9-103, Annotated Code of Maryland. “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. “Date of finality” has the meaning stated in Tax-Property Article, §1-101(i), Annotated Code of Maryland. “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. “Focus area” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland. “Political subdivision” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland. “Qualified personal property” means personal property located in a focus area. “Tax credit” means the enterprise zone tax credit provided for in Tax-Property Article, §9-103, Annotated Code of Maryland. “Taxable year” has the meaning stated in Tax-Property Article, §1-101(ii), Annotated Code of Maryland.