COMAR 24.05.20.06. Certification Procedures

A. To be preliminarily certified as a qualified business entity, a business entity shall submit the following to the Department on an application form approved by the Department:

(1) The proposed effective date of the start-up or expansion;

(2) The number of full-time employees before the start-up or expansion and the payroll of the existing employees;

(3) The expected number of qualified positions expected to be created, qualified employees expected to be hired, and the estimated payroll of those employees; and

(4) Any other information required by the Department.

B. To be certified as a qualified business entity, a business entity shall submit the following to the Department on an application form approved by the Department:

(1) The effective date of the start-up or expansion;

(2) The number of qualified positions created, qualified employees hired, and the estimated payroll of those employees; and

(3) Any other information required by the Department.

C. The Department may require any information required by this regulation to be verified by an independent auditor selected by the business entity.

D. If a business entity satisfies the definition of qualified business entity, the Secretary shall certify the business as a qualified business entity eligible for the tax credit.

Cross References 24.05.20.04C(1)(c)