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Page 7 <br />1 upgrade, conversion, or connection income tax credit that shall <br />2 be deductible from the tax-oaver's net income tax liability, if <br />3 any, imposed by this chapter for the taxable year in which the <br />4 credit is properly claimed. <br />5 (b) In the case of a partnership, S corporation, estate, <br />6 or trust, the tax credit allowable is for qualified expenses <br />7 incurred by the entity for the taxable year. The expenses upon <br />8 which the tax credit is com-outed shall be determined at the <br />9 entity level. Distribution and share of credit shall be <br />10 determined by rule. <br />11 -(c) The cesspool upgrade, conversion, or connection income <br />12 tax credit shall be equal to the qualified expenses of the <br />13 taxpayer, up to a maximum of $10,000; provided that, in the case <br />14 of a qualified cesspool that is a residential large capacity <br />15 cesspool, the amount of the credit shall be equal to the <br />16 qualified expenses of the taxpayer, up to a maximum of $10,000 <br />17 per residential dwelling connected to the cesspool, as certified <br />18 by the department of health pursuant to subsection (e). There <br />19 shall be allowed a maximum of one cesspool upgrade, conversion. <br />20 <br />or connection income tax credit <br />per qualified cesspool. <br />The <br />21 <br />cesspool upgrade, conversion, or <br />connection income tax <br />credit <br />