Maryland Code, ECONOMIC DEVELOPMENT 5-701
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 5-701
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means a county of the State or Baltimore City. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Area” means a geographic area in one or more political subdivisions in the State described by a closed perimeter boundary.
(c) “Business entity” means a person that operates or conducts a trade or business.
(d) “Enterprise zone” means an area:
(1) that meets the requirements of § 5-704(a) of this subtitle and is designated as an enterprise zone by the Secretary under § 5-704(b) of this subtitle;
(2) designated as an enterprise zone by the United States government under 42 U.S.C. §§ 11501 through 11505; or
(3) designated as an empowerment zone or enterprise community by the United States government under 26 U.S.C. §§ 1391 through 1397F.
(e) “Focus area” means an area that meets the requirements of § 5-706 of this subtitle and is designated as a focus area by the Secretary under § 5-706 of this subtitle.
(f) “Political subdivision” means a county or municipal corporation.
(g) “Submission date” means April 15 or October 15.