Iowa Admin. Code r. 223-48.36
After consultation with the department of revenue to determine whether the terms of the agreement, Iowa Code chapter 404A, and the applicable rules have been met, the department shall issue a tax credit certificate to the eligible taxpayer stating the amount of tax credit under Iowa Code section 404A.2 the eligible taxpayer may claim, or the department shall issue a notice that the eligible taxpayer is not eligible to receive a tax credit certificate. The department shall issue the tax credit certificate or the notice not later than 60 days following the completion of the examination review, if applicable, and the verifications and consultation required under this rule. Notwithstanding the foregoing, the eligibility of the tax credit remains subject to audit by the department of revenue in accordance with Iowa Code chapters 421 and 422. For information on how to claim the tax credit, see department of revenue rules 701-42.54 (404A,422), 701-52.47 (404A,422), and 701-58.10 (404A,422).
This rule is intended to implement Iowa Code section 404A.3 as amended by 2014 Iowa Acts, House File 2453.
Iowa Admin. Code r. 223-48.36