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

2. B. Terms Defined.

   1. (1) “Business entity” has the meaning stated in Tax-Property Article, §9-103, Annotated Code of Maryland.
   2. (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. (3) “Date of finality” has the meaning stated in Tax-Property Article, §1-101(i), Annotated Code of Maryland.
   4. (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. (5) “Focus area” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland.
   6. (6) “Political subdivision” has the meaning stated in Article 83A, §5-401, Annotated Code of Maryland.
   7. (7) “Qualified personal property” means personal property located in a focus area.
   8. (8) “Tax credit” means the enterprise zone tax credit provided for in Tax-Property Article, §9-103, Annotated Code of Maryland.
   9. (9) “Taxable year” has the meaning stated in Tax-Property Article, §1-101(ii), Annotated Code of Maryland.

Authority: Tax-Property Article, §§2-201, 2-202, and 9-103; Article 83A, §5-401 and 5-402; Annotated Code of Maryland

Effective date:

Regulations .01—.04 adopted as an emergency provision effective December 15, 2000 (28:2 Md. R. 97); emergency status expired May 14, 2001; adopted permanently effective May 28, 2001 (28:10 Md. R. 950)