2018 Maryland Code
Tax - General
Title 11 - Sales and Use Tax
Subtitle 2 - Exemptions
§ 11-234. Sales and use tax credit for qualified business entity
(a) Definitions. --
(1) In this section the following words have the meanings indicated.
(2) "Department" means the Department of Commerce.
(3) "Eligible project" has the meaning stated in § 6-901 of the Economic Development Article.
(4) "Program" means the Promoting ext-Raordinary Innovation in Maryland's Economy Program established under Title 6, Subtitle 9 of the Economic Development Article.
(5) "Qualified business entity" has the meaning stated in § 6-901 of the Economic Development Article.
(6) "Qualified personal property or services" means personal property or services purchased for use at an eligible project by a qualified business entity that is enrolled in the Program.
(b) In general. -- The sales and use tax does not apply to a sale of qualified personal property or services if the buyer provides the vendor with evidence of eligibility for the exemption issued by the Comptroller.
(c) List of qualified business entities; certificate of eligibility. --
(1) Each year, the Department shall provide the Comptroller with a list of qualified business entities.
(2) Within 30 days of receiving a list of qualified business entities from the Department, the Comptroller shall issue, to each qualified business entity, a certificate of eligibility for the exemption under this section.
(3) The certificate issued under paragraph (2) of this subsection:
(i) must be renewed each year; and
(ii) may not be renewed for more than 10 consecutive years.
