Ohio Admin. Code 122:21-1-03 - Application fee
(A) Upon certification by the director that
the project proposed by the applicant is a tax credit-eligible production, the
director shall issue the applicant an invoice for a non-refundable application
fee in an amount equal to one-half per cent
of the estimated value of the credit, as calculated
in section four of the application, up to a maximum application fee of
ten thousand dollars.
(B) The
applicant shall pay the non-refundable fee within forty-five days of the
invoice date.
(C) The applicant's
failure to pay the application fee within the timeframe
proscribed above
set forth in paragraph (B) of this rule shall result
in rescission of the director's certification that the application is a tax
credit-eligible production.
(D) An
application fee is due and payable for each production certified by the
director as a tax credit-eligible production and is not transferrable to any
other or future application or production.
Notes
Promulgated Under: 119.03
Statutory Authority: 122.85(G)(1)
Rule Amplifies: 122.85, 5703.19, 5726.55, 5733.59, 5747.66, 5751.54
Prior Effective Dates: 04/05/2010
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