Idaho Admin. Code r. 28.04.01.211

Current through September 2, 2024

Section 28.04.01.211 - TERMINATION OR SUSPENSION OF TAX CREDIT

During the term of the project for each business entity, the Department will review the business entity's annual report. If the information provided is inadequate or inaccurate to provide a reasonable justification for authorizing or continuing a tax credit, the Department may:

01.Denial of Tax Credit. Deny the tax credit for that tax year; or

02.Termination of Agreement. Terminate the incentive agreement for failure to meet the performance standards established in accordance with the terms outlined in the incentive agreement; or

03.Request for Additional Documentation. Request the business entity to submit additional documentation.

Idaho Admin. Code r. 28.04.01.211

Effective March 31, 2022