§ 5-701. Definitions

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 7. Enterprise Zones (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 5-701
§ 5-701. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Area
(b) “Area” means a geographic area in one or more political subdivisions in the State described by a closed perimeter boundary.
Business entity
(c) “Business entity” means a person that operates or conducts a trade or business.
Enterprise zone
(d) “Enterprise zone” means an area:
(1) that meets the requirements of § 5-704(a) of this subtitle and is designated as an enterprise zone by the Secretary under § 5-704(b) of this subtitle;
(2) designated as an enterprise zone by the United States government under 42 U.S.C. §§ 11501 through 11505; or
(3) designated as an empowerment zone or enterprise community by the United States government under 26 U.S.C. §§ 1391 through 1397F.
Focus area
(e) “Focus area” means an area that meets the requirements of § 5-706 of this subtitle and is designated as a focus area by the Secretary under § 5-706 of this subtitle.
Political subdivision
(f) “Political subdivision” means a county or municipal corporation.
Submission date
(g) “Submission date” means April 15 or October 15.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 5-701, MD ECON DEV § 5-701
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document