Code of Maryland Regulations
Title 24 - DEPARTMENT OF COMMERCE
Subtitle 05 - ECONOMIC DEVELOPMENT
Chapter 24.05.24 - One Maryland Economic Development Tax Credits
Section 24.05.24.05 - Eligible Business Activities

Universal Citation: MD Code Reg 24.05.24.05

Current through Register Vol. 51, No. 6, March 22, 2024

A. To qualify for a tax credit, a qualified business entity shall establish or expand a business facility in the State that is primarily engaged in one or more of the following qualifying activities:

(1) Manufacturing;

(2) Mining;

(3) Transportation;

(4) Communications;

(5) Filmmaking;

(6) Resort/recreational business (excluding adult entertainment);

(7) Agriculture;

(8) Forestry;

(9) Fishing;

(10) Research, development, or testing;

(11) Biotechnology;

(12) Computer programming, information technology, or other computer-related services;

(13) Central financial, real estate, or insurance services;

(14) The operation of central administrative offices or a company headquarters;

(15) A public utility;

(16) Warehousing; or

(17) Business services.

B. In determining whether a business facility is engaged in a qualifying activity, the Department may consider the definitions set forth in the U.S. Office of Management and Budget's Standard North American Industrial Classification Manual.

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