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Page 7 <br />1 upgrade, conversion, or <br />connection income tax <br />credit that shall <br />2 be deductible from the <br />taxpayer's net income <br />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, <br />the tax credit allowable is <br />for qualified expenses <br />7 incurred <br />by the entity for the taxable <br />vear. The exoenses upon <br />8 which <br />the tax <br />credit is computed <br />shall <br />be <br />determined <br />at the <br />9 entity <br />level. <br />Distribution and <br />share <br />of <br />credit shall <br />be <br />10 determined by rule. <br />11 <br />(c) <br />The cesspool upgrade, <br />conversion, or connection income <br />12 <br />tax credit <br />shall be equal <br />to the qualified expenses of the <br />13 <br />taxpayer, <br />up to a maximum <br />of $10,000; provided that, in the case <br />14 <br />of a qualified <br />cesspool <br />that <br />is a <br />residential large <br />capacity <br />15 <br />cesspool, the <br />amount of <br />the <br />credit <br />shall be eaual <br />to <br />the <br />16 <br />qualified expenses of the <br />taxpayer, <br />up <br />to <br />a maximum <br />of <br />$10,000 <br />17 <br />per residential dwelling <br />connected <br />to <br />the <br />cesspool, <br />as <br />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 or connection income tax credit per aualified cesspool. The <br />21 cesspool upgrade, conversion, or connection income tax credit <br />