Section 63N-2-806 - Criteria for tax credits(1) A tax credit applicant shall establish as part of the application required by Section 63N-2-805 that the tax credit applicant: (a) meets all of the criteria to receive the tax credit for which the tax credit applicant applies, except for the requirement to obtain a tax credit certificate; and(b) will provide a long-term economic benefit to the state. (2) The office may not issue a tax credit certificate to a tax credit applicant if:(a) the tax credit applicant fails to meet the requirements of Subsection (1)(a); and(b) the life science establishment does not enter into an agreement described in Section 63N-2-808 with the office.Amended by Chapter 354, 2016 General Session ,§ 4, eff. 5/10/2016, op. 1/1/2016.Renumbered from § 63M-1-2906 and amended by Chapter 283, 2015 General Session ,§ 141, eff. 5/12/2015.Enacted by Chapter 306, 2011 General Session