Section 12-217ll-10 - Disposition of application for tax credit vouchers(a) The Commission shall review the application and the independent audit and evaluate whether the applicant has met the criteria set forth under sections 12-217ll-1 to 12-217ll-12, inclusive, of the Regulations of Connecticut State Agencies for issuance of digital animation tax credit vouchers. If the Commission determines that the applicant has met such criteria, it shall thereupon issue written tax credit voucher(s) which shall certify the total production expenses or costs substantiated to the satisfaction of the Commission and the amount of the tax credit(s) awarded.(b) If the Commission determines after its evaluation that the applicant has not met the established criteria for issuance of tax credit vouchers, it shall notify the applicant in writing of the deficiencies in the application or audit and the remedial action, if any, that is required of the applicant before the Commission can act on the application for issuance of tax credit voucher(s).(c) The Commission shall provide a unique identification number on each tax credit voucher issued which shall include a reference to the Commission's identification number assigned at the time the Commission's notice of certification as a state-certified digital animation production company was issued pursuant to the provisions of section 12-217ll-4 of the Regulations of Connecticut State Agencies.Conn. Agencies Regs. § 12-217ll-10
Adopted effective February 5, 2009