(a) (1) The Director of the Department of Finance and Administration may make rules and prescribe forms for a taxpayer to claim the investment tax credit provided by this subchapter and for the proper enforcement of the claim.
(2) The Department of Finance and Administration shall consult with the governing bodies of the central business improvement districts in making rules under this subchapter to maintain consistency with the purpose and intent of this subchapter.
(b) A fee collected under ยง 26-51-2404 by the governing body of the central business improvement district shall be deposited into the treasury cash fund of the governing body of a central business improvement district receiving the fee.
(c) The department and the governing body of a central business improvement district may inspect facilities and records of a taxpayer requesting or receiving an investment tax credit as necessary to verify a claim.
(d) The director shall demand the repayment of any investment tax credits taken in excess of the investment tax credit allowed by this subchapter.
Section: Previous 26-51-2402 26-51-2403 26-51-2404 26-51-2405 26-51-2406 26-51-2407 26-51-2408 26-51-2409 26-51-2410 26-51-2411 26-51-2412 NextLast modified: November 15, 2016