§ 6-307. Reports.

MD Econ Dev Code § 6-307 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    In accordance with § 2.5–109 of this article, the Department shall submit a report on:

(1)    each business entity certified as eligible for job creation tax credits in the preceding taxable year;

(2)    whether the credits for which the business entity was certified resulted from the entity’s establishment, expansion, or relocation;

(3)    whether the business entity had a presence in the State before claiming the credit;

(4)    the total number of employees of the business entity; and

(5)    the total number of years that the business entity has been in business.

(b)    In accordance with § 2–110 of the Insurance Article, the Maryland Insurance Commissioner shall submit a report on:

(1)    each insurer claiming the credit against the insurance premium tax under § 6–114 of the Insurance Article;

(2)    the total amount of credits claimed by insurers under § 6–114 of the Insurance Article; and

(3)    the number of insurers claiming the credit.