Section 59-7-624 - Targeted business income tax credit(1) As used in this section, "business applicant" means the same as that term is defined in Section 63N-2-302.(2) For a taxable year that begins before January 1, 2023, a business applicant that is certified and issued a targeted business income tax eligibility certificate by the Governor's Office of Economic Opportunity under Section 63N-2-304 may claim a refundable tax credit in the amount specified on the targeted business income tax eligibility certificate.(3) For a taxable year for which a business applicant claims a targeted business income tax credit under this section, the business applicant may not claim or carry forward a tax credit under Section 59-7-610, Section 59-10-1007, or Title 63N, Chapter 2, Part 2, Enterprise Zone Act.Amended by Chapter 264, 2022 General Session ,§ 2, eff. 5/4/2022.Amended by Chapter 282, 2021 General Session ,§ 41, eff. 7/1/2021.Amended by Chapter 354, 2020 General Session ,§ 90, eff. 5/12/2020.Added by Chapter 247, 2019 General Session ,§ 7, eff. 5/14/2019.