Section 63N-2-809 - Issuance of tax credit certificates(1) For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant: (a) for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an agreement with the office;(b) for two taxable years immediately following the taxable year described in Subsection (1)(a); and(c) for the seven taxable years immediately following the last of the two taxable years described in Subsection (1)(b) if: (i) the agreement with the office described in Section 63N-2-808 includes a provision that the tax credit applicant will make new capital expenditures of at least $1,000,000,000 in the state; and(ii) the tax credit applicant makes new capital expenditures of at least $1,000,000,000 in the state in accordance with the agreement with the office described in Section 63N-2-808.(2) The office shall provide a duplicate copy of each tax credit certificate to the State Tax Commission.Renumbered from § 63M-1-2909 and amended by Chapter 283, 2015 General Session ,§ 144, eff. 5/12/2015.Amended by Chapter 423, 2012 General Session ,§ 8, eff. 5/8/2012, op. 1/1/2012.Enacted by Chapter 306, 2011 General Session