Current as of December 31, 2021 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) In this section, “revitalization area” has the meaning stated in § 6-301 of this title.
(b) For a qualified opportunity zone business that qualifies for a job creation tax credit under § 6-304 of this title:
(1) the Level 1 opportunity zone enhancement is equal to:
(i) $3,075 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii) $5,125 multiplied by the number of qualified employees working in a facility located in a revitalization area; and
(2) the Level 2 opportunity zone enhancement is equal to:
(i) $3,300 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and
(ii) $5,500 multiplied by the number of qualified employees working in a facility located in a revitalization area.
(c) The enhanced multiplier authorized under subsection (b) of this section is in substitution for and not in addition to the multiplier under § 6-304(b)(1) of this title.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 6-1003 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-6-1003.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?