<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 24.05.20.06" title_num="24" subtitle_num="05" chapter_num="20" heading="Certification Procedures.">
  <paragraph num="A.">
    <text>To be preliminarily certified as a qualified business entity, a business entity shall submit the following to the Department on an application form approved by the Department:</text>
    <paragraph num="(1)">
      <text>The proposed effective date of the start-up or expansion;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The number of full-time employees before the start-up or expansion and the payroll of the existing employees;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>The expected number of qualified positions expected to be created, qualified employees expected to be hired, and the estimated payroll of those employees; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Any other information required by the Department.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>To be certified as a qualified business entity, a business entity shall submit the following to the Department on an application form approved by the Department:</text>
    <paragraph num="(1)">
      <text>The effective date of the start-up or expansion;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The number of qualified positions created, qualified employees hired, and the estimated payroll of those employees; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Any other information required by the Department.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>The Department may require any information required by this regulation to be verified by an independent auditor selected by the business entity.</text>
  </paragraph>
  <paragraph num="D.">
    <text>If a business entity satisfies the definition of qualified business entity, the Secretary shall certify the business as a qualified business entity eligible for the tax credit.</text>
  </paragraph>
</regulation>