<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".01" citation="COMAR 24.01.07.01" title_num="24" subtitle_num="01" chapter_num="07" heading="Definitions.">
  <paragraph num="A.">
    <text>In this chapter, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Annual Report” means the report submitted to the Department of Assessments and Taxation pursuant to Tax-Property Article, §11-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>“Entity” means:</text>
      <paragraph num="(a)">
        <text>A commercial enterprise or business that is required to be in good standing with the State Department of Assessments and Taxation and is:</text>
        <paragraph num="(i)">
          <text>Formed in the State; or</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>Registered to do business in the State; or</text>
        </paragraph>
      </paragraph>
      <paragraph num="(b)">
        <text>A corporation, foundation, school, hospital, or other legal entity for which none of the net earnings inure to the benefit of any private shareholder or individual holding an interest in the entity.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>“Person” has the meaning stated in Tax-Property Article, §1-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Secretary” means the Secretary of Commerce.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>“Special Secretary” means the Special Secretary of the Governor’s Office of Small, Minority &amp; Women Business Affairs.</text>
    </paragraph>
    <paragraph num="(6)">
      <text>“State benefit” has the meaning stated in Business Regulation Article, §19-106, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(7)">
      <text>“Underrepresented community” has the meaning stated in Business Regulation Article, §19-106, Annotated Code of Maryland.</text>
    </paragraph>
  </paragraph>
</regulation>