(b) For a qualified opportunity fund that is a qualified investor in a qualified Maryland
biotechnology company under § 10-725 of the Tax--General Article, if the qualified Maryland biotechnology company, on or after March 1, 2018, is newly
established in or expands into an opportunity zone:
(1) the Level 1 opportunity zone enhancement is 65% of the investment in a qualified
Maryland biotechnology company in any county, not to exceed $575,000; and
(2) the Level 2 opportunity zone enhancement is 75% of the investment in the qualified
Maryland biotechnology company in any county, not to exceed $750,000.
(c) The enhanced tax credit percentages and maximums authorized under subsection (b)
of this section are in substitution for and not in addition to the percentages and
maximums under § 10-725(d) of the Tax--General Article.
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