Section 5-709 - Assessment; report. - Maryland Statutes

§ 5-709. Assessment; report.
 

(a)  Joint assessment by Department and Comptroller.- The Department and the Comptroller jointly shall assess each year the effectiveness of the tax credits provided to business entities in enterprise zones and focus areas in enterprise zones, including: 

(1) the number and amounts of credits granted each year; and 

(2) the success of the tax credits in attracting and retaining business entities in enterprise zones and focus areas. 

(b)  Annual report.- On or before December 15 of each year, the Department and the Comptroller shall submit to the Governor and, in accordance with § 2-1246 of the State Government Article, the General Assembly a report outlining the findings of the Department and the Comptroller and any other information of value in determining the effectiveness of the tax credits provided under § 5-707(b) of this subtitle. 
 

[An. Code 1957, art. 83A, § 5-405; 2008, ch. 306, § 2.]