Requests for determinations; notice of intent to claim credit
Sec. 10. (a) To be entitled to a credit under this chapter, a
taxpayer must request the corporation to determine whether an
expenditure is a qualified investment.
(b) To make a request under subsection (a), a taxpayer must file
with the corporation a notice of intent to claim the credit under this
chapter. A taxpayer must file the notice with the corporation not later
than February 15 of the calendar year following the calendar year in
which the expenditure is made.
(c) After receiving a notice of intent to claim the credit, the
corporation shall review the notice and determine whether the
expenditure is a qualified investment and whether the taxpayer is
entitled to claim the credit. The corporation shall, before April 1 of
the calendar year in which the notice is received, send to the taxpayer
and to the department of state revenue a letter:
(1) certifying that the taxpayer is entitled to claim the credit
under this chapter for the expenditure; or
(2) stating the reason why the taxpayer is not entitled to claim
the credit.
As added by P.L.291-2001, SEC.177. Amended by P.L.4-2005,
SEC.89.
Last modified: May 28, 2006