Altering from 10 years to 5 years the length of time the designation of an enterprise zone is effective under the enterprise zone tax credit program; altering the tax credit that may be claimed under the Regional Institution Strategic Enterprise Zone program; establishing the Maryland Jobs Development Tax Credit that may be claimed against the income, franchise, and insurance premium taxes; providing for the calculation and refundability of the tax credit; applying the Act to all taxable years beginning after December 31, 2016; etc.