§ 5-709. Assessment; report

Latest version.

   (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.

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

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');