Cal. Code Regs. tit. 10 § 5480.3

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 5480.3 - Partial Exemption Allocation Request

(a) A complete Request, when submitted with an Eligible Entity Application, shall consist of the following:

(1) The amount of Partial Exemption requested for the current year;

(2) The Partial Exemption Use Date, if known;

(3) A certification that the Request is based on a good faith estimate by Applicant to fully utilize the amount of the Request; and

(4) A certification that includes the following language: "I hereby certify that [name of Eligible Entity] will [or has] purchased during calendar year 20__ tangible personal property meeting the requirements of the California Code of Regulations, title 18, section 1525.7 in an amount that would entitle [name of Eligible Entity] to a partial exemption of [amount], pursuant to Revenue and Taxation Code section 6378.1;"

(b) A complete Request, when submitted subsequent to the Eligible Entity Application, shall consist of a written document signed and dated by an Authorized Applicant Representative and containing all of the following information:

(1) Name of Applicant;

(2) Address of Eligible Facility;

(3) Primary classification code from the SIC or NAICS for the Eligible Facility;

(4) Applicant contact person name, title, address, phone number, fax number and email address;

(5) The amount of Partial Exemption requested for the current year;

(6) The Partial Exemption Use Date, if known;

(7) A certification that the Request is based on a good faith estimate by Applicant to fully utilize the amount of the Request;

(8) A certification that includes the following language: "I hereby certify that [name of Eligible Entity] will [or has] purchased during calendar year ___ tangible personal property meeting the requirements of the California Code of Regulations, title 18, section 1525.7 in an amount that would entitle [name of Eligible Entity] to a partial exemption of [amount], pursuant to Revenue and Taxation Code section 6378.1;" and

(9) For Applicants that have already received a Eligibility Letter:

(A) A copy of the Eligibility Letter.

(B) A certification by an Authorized Applicant Representative that the Applicant is on schedule to meet the Investment, and filling of new Direct Jobs plus Supporting Jobs, each as required by section 5480.1(i).

(C) A copy of any Certification Letter that was submitted as described in Section 5480.7.

(D) A Copy of Extension Requests granted pursuant to Section 5480.6, if applicable.

(E) A copy of any previously received Exemption Allocation Letter(s); and either

1. The Partial Exemption Use Date; or

2. Written authorization for the CIEDB Staff to obtain confirmation from the Board of Equalization that the Applicant has not used the Partial Exemption.

Cal. Code Regs. Tit. 10, § 5480.3

1. New section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).

Note: Authority cited: Section 11152, Government Code; and Section 6378.1, Revenue and Taxation Code. Reference: Section 6378.1, Revenue and Taxation Code.

1. New section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).