(a)    (1)    To the extent provided for in this section, a business entity that locates in a RISE zone is entitled to:

(i)    the property tax credit under § 9–103.1 of the Tax – Property Article;

(ii)    the income tax credit under § 10–702 of the Tax – General Article; and

(iii)    priority consideration for financial assistance from programs in Subtitle 1 of this title.

(2)    For purposes of the income tax credit authorized under paragraph (1)(ii) of this subsection, the business entity is treated as being located in an enterprise zone.

(b)    A business entity that moves into or locates in a RISE zone on or after the date that the zone is designated under this subtitle may qualify for the incentives under this section.

(c)    A business entity may not qualify for the incentives under subsection (a) of this section unless the Department, in consultation with the county or municipal corporation in which a RISE zone is located, certifies the business entity and its location as consistent with the target strategy of the RISE zone.

(d)    (1)    Unless a business entity makes a significant capital investment or expansion of its labor force after a RISE zone is designated, the incentives under this section are not available to a business entity that was in a RISE zone before the date that the zone is designated.

(2)    The Department shall adopt regulations establishing factors to determine if a business entity makes a significant capital investment or expansion of its labor force under paragraph (1) of this subsection.