La. Admin. Code tit. 13 § I-4309

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-4309 - Annual Certification of Eligibility

A. The qualified business must submit certification (signed by a key employee of the business) that it continues to meet all eligibility requirements of the program as well as all performance obligations of the contract by September 1 of each year unless the contract designates another reporting deadline. A company's failure to submit the annual certification of eligibility by the deadline provided for in this Section shall result in the forfeiture of benefits for the previous tax year and the secretary, in his discretion, may terminate the contract. LED may require an audit of any annual certification at the expense of the qualified business.

B. Annually, LED will verify that a participating company continues to meet the eligibility requirements of the program as well as performance obligations of the contract and submit the rebate claim to the Louisiana Department of Revenue for payment.

C. If a business fails to maintain the eligibility requirements for participation in the program or fails to meet the performance objectives in the contract, the department may suspend or terminate the contract.

La. Admin. Code tit. 13, § I-4309

Promulgated by the Department of Economic Development, Office of Business Development, LR 38:2737 (November 2012).

AUTHORITY NOTE: Promulgated in accordance with Act 507 of the 2012 Regular Session of the Louisiana Legislature.