(a) The tax credits provided by this subchapter shall apply to taxable years beginning on or after January 1, 1996, and all taxable years thereafter.
(b) Any approved applicant claiming a tax credit under this subchapter may not claim a credit under any similar act for any costs related to the same project.
(c) Any tax credit issued to an approved applicant that is a partnership, a limited liability company taxed as a partnership, a Subchapter S corporation, or a fiduciary shall be passed through to the partners, members, or owners, respectively, on a pro rata basis or pursuant to an executed agreement between or among the partners, members, or owners documenting an alternative method for the distribution of the tax credit.
Section: Previous 26-51-1002 26-51-1003 26-51-1004 26-51-1005 26-51-1007 26-51-1008 26-51-1009 26-51-1010 26-51-1011 26-51-1012 26-51-1013 26-51-1014 NextLast modified: November 15, 2016