Section 8803-G - Procedure.(a)Application.--A taxpayer applying to claim a manufacturing tax credit must complete and submit to the department a manufacturing tax credit application on a form and in a manner as determined by the department. (b) Creation of new jobs.--In order to receive a manufacturing tax credit, the taxpayer must agree to create in year one new jobs that increase the taxpayer's annual taxable payroll above the base year annual taxable payroll by $1,000,000. The taxpayer must agree to retain the new jobs and increase in payroll for at least five years from the start date. (c) Approval.--If the department approves the taxpayer's application, the department and the taxpayer shall execute a commitment letter containing the following: (1) A description of the new jobs created.(2) The number of new jobs to be created.(3) The amount of private capital investment in the creation of new jobs.(4) The increase in year one of the annual taxable payroll for new jobs above the base year amount of annual taxable payroll.(5) The maximum manufacturing tax credit amount the taxpayer may claim.(6) A signed statement that the taxpayer intends to maintain existing operations in this Commonwealth for at least five years from the start date.(7) Any other information as the department deems appropriate.(d)Commitment letter.--After a commitment letter has been signed by both the Commonwealth and the taxpayer, the taxpayer must increase the annual taxable payroll in year one by at least $1,000,000 above the base year amount from the creation of new jobs up to the amount specified in the commitment letter. If the taxpayer does not increase the annual taxable payroll as provided under this subsection, the commitment letter shall be revoked and deemed to be null and void. Added by P.L. TBD 2016 No. 84, § 38.1, eff. 7/13/2016.