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RES 630 Draft 02 2022-2024
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RES 630 Draft 02 2022-2024
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Last modified
10/7/2024 2:56:13 PM
Creation date
9/19/2024 12:54:57 PM
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Bill/Resolution
Bill/Resolution - Type
RES
Bill/Resolution - Council Term
2022-2024
Bill/Resolution
630
Draft
02
Introducer
Heather L. Kimball, Council Member
Referred To
GOEAC
Action 1
GOEAC-160: Recommended adoption - 09/16/24
Action 2
Council: Res. 630-24, Draft 2 amended to Draft 3 - 10/2/2024
Document Relationships
AGE COUNCIL 2024-10-02 2022-2024
(Related To)
Path:
\Council Records\Agendas\2022-2024\Council
COM 1043.003 2022-2024
(Related)
Path:
\Council Records\Communications\2022-2024
REP GOEAC 160 2024/09/16 (2022-2024)
(Related)
Path:
\Council Records\Reports\2022-2024\Governmental Operations and External Affairs Committee (GOEAC)
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Page9 NO <br /> . <br /> 1 The director of health may adopt rules under chapter 91 as <br /> 2 necessary to implement the certification requirements under this <br /> 3 section. <br /> 4 (f) The director of taxation: <br /> 5 (1) Shall prepare any forms that may be necessary to claim <br /> 6 a tax credit under this section; <br /> 7 (2) May require the taxpayer to furnish reasonable <br /> 8 information to ascertain the validity of the claim for <br /> 9 the tax credit made under this section; and <br /> 10 (3) May adopt rules under chapter 91 necessary to <br /> 11 effectuate the purposes of this section. <br /> 12 (g) If the tax credit under this section exceeds the <br /> 13 taxpayer' s income tax liability, the excess of the credit over <br /> 14 liability may be used as a credit against the taxpayer' s income <br /> 15 tax liability in subsequent years until exhausted. All claims <br /> 16 for the tax credit under this section, including amended claims, <br /> 17 shall be filed on or before the end of the twelfth month <br /> 18 following the close of the taxable year for which the credit may <br /> 19 be claimed. Failure to comply with. the foregoing provision <br /> 20 shall constitute a waiver of the right to claim the credit. <br /> 21 (h) As used in this section: <br />
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