4.1 Responsibilities of the Administrator. The responsibilities of the Administrator include:
4.1.1 Determining the eligibility of the businesses and/or property owners for the tax credits under the Program.
4.1.2 Notifying the Montgomery County Department of Finance that the applicant is eligible for property tax credits in accordance with the Program.
4.1.3 Preparing an Annual Report by January 15 of the calendar year following adoption of these Executive Regulations and each subsequent January 15, thereafter, so long as the Program is in effect. The Annual Report will be sent to the Montgomery County Council. Acting as the principal point of contact between the public and Montgomery County with respect to questions about the Program.
4.1.4 Developing applications for tax credits in the Zone.
4.1.5 Marketing and promoting the Zone to businesses.
4.2 Application and Reporting Requirements. Business entities must complete an application for, and report annually on, their property tax credits. The forms will be provided by the Administrator. The application(s) must provide evidence that qualification standards have been met. At a minimum, the application(s) must contain the following information:
4.2.1 Name and address of the business, type of business (corporation, partnership, etc.), and NAICS code.
4.2.2 A description and date of completion of the improvement, certification of the costs of the new construction or renovations and the party responsible for payment thereof, a copy of Certificate of Occupancy if the area being improved is presently occupied, and any other information the Administrator may deem necessary to determine eligibility or compliance with these regulations.
4.2.3 Business entities seeking property tax credit on the next applicable July 1 tax bill must apply by December 10 of the preceding year in order for the Administrator to certify the property's eligibility by December 31 of the preceding year. A business entity may file an application for pre-certification of eligibility for property tax credit on a form provided by the Administrator prior to making the Minimum Qualifying Capital Investment in order to determine in advance whether such investment will be eligible. In this case, the Administrator will send a notice of pre-certification to the applicant. In no case will certification be granted until the Minimum Qualifying Capital Investment is completed.
4.2.4 Business entities receiving property tax credit must use a form provided by the Administrator to report the dollar value of the tax credit. This form should also be provided to the landlord within 30 days of payment of the property taxes.
4.2.5 Failure to submit information required in this section 4.2 may result in a notification of incomplete application insufficient for determining eligibility. Failure to comply with the requirements may result in decertification of eligibility for tax credit.
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