Code of Maryland Regulations
Title 24 - DEPARTMENT OF COMMERCE
Subtitle 05 - ECONOMIC DEVELOPMENT
Chapter 24.05.14 - Maryland Export Credit Program
Section 24.05.14.02 - Objective
Universal Citation: MD Code Reg 24.05.14.02
Current through Register Vol. 51, No. 6, March 22, 2024
A. The basic objective of the Program is to encourage the exportation by business enterprises located in Maryland of goods and services to foreign purchasers by assigning to those business enterprises offset credits accrued by the State.
B. This objective is to be accomplished in a way that:
(1) Is accepted by the foreign jurisdiction's offset authority;
(2) Maximizes economic and social benefits to the State proportionate to the amount of offset credits available to the State; and
(3) Imposes minimal costs to the State.
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