Section 8712-L - Eligibility.In order to be eligible to receive a tax credit, a company shall demonstrate the following:
(1) The company meets the requirements of a qualified taxpayer.(2) The use of carbon capture and sequestration technology, or similar technologies, at the project facility to the extent it is cost effective and feasible at the discretion of the qualified taxpayer.(3) Confirmation that the company has filed all required state tax reports and returns for all applicable taxable years and paid any balance of state tax due as determined by assessment or determination by the department and not under timely appeal.Amended by P.L. TBD 2022 No. 108, § 7, eff. 1/3/2023.Added by P.L. TBD 2020 No. 66, § 1.1, eff. 9/21/2020.