Section 6-405 - Application of tax credits.
§ 6-405. Application of tax credits.
If the pay for the majority of the qualified positions created from the establishment or expansion of a business facility is at least 250% of the federal minimum wage, §§ 6-403(f) and 6-404(d) of this subtitle apply beginning with the taxable year after the 2nd taxable year that follows the taxable year when the qualified business entity locates in a qualified distressed county.
[An. Code 1957, art. 83A, § 5-1501(h); 2008, ch. 306, § 2.]