Current with changes from the 2024 Legislative Session
Section 5-701 - Definitions(a) In this subtitle the following words have the meanings indicated.(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.