Tax Credits for Investment in Rural Communities
Requires Department of Commerce to accept applications seeking approval as rural fund; specifies application criteria; requires rural fund to collect contributions & investments requires growth fund to send documentation of contributions & investments to department; requires department to provide tax credit certificate against state tax liability; provides restrictions on credit; provides requirements regarding tax certificates; provides mechanism to exit program; requires rural fund to submit report to department annually.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}