§ 4-706
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/md/economic-development/4-706A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–706.
(a)In an arts and entertainment district:
(1)each qualifying residing artist is eligible for the income tax subtraction modification under § 10-207(v) of the Tax - General Article;
(2)the property tax credit under § 9-240 of the Tax - Property Article applies; and
(3)the exemption from the admissions and amusement tax under § 4-104 of the Tax - General Article applies.
(1)On or before July 1 preceding the effective date of its establishment, the Secretary shall notify the Comptroller that an arts and entertainment district is established.
(2)The subtraction modification under § 10-207(v) of the Tax - General Article applies to each taxable year beginning after December 31 of the year in which the Secretary provides the notice required by paragraph
(1)of this subsection.