§ 484. Application and approval process. 1. A business entity must submit a complete application as prescribed by the commissioner. 2. The commissioner shall establish procedures and a timeframe for business entities to submit applications. As part of the application, each business entity must:(a) provide evidence in a form and manner prescribed by the commissioner of their business eligibility;
(b) agree to allow the department of taxation and finance to share the business entity's tax information with the department. However, any information shared as a result of this program shall not be available for disclosure or inspection under the state freedom of information law;
(c) allow the department and its agents access to any and all books and records the department may require to monitor compliance;
(d) certify, under penalty of perjury, that it is in substantial compliance with all emergency orders or public health regulations currently required of such entity, and local, and state tax laws;
(e) certify, under penalty of perjury, that it did not include any cost paid for with other COVID-19 grant funds as determined by the commissioner in its application for a tax credit under the COVID-19 capital costs tax credit program; and
(f) agree to provide any additional information required by the department relevant to this article. 3. After reviewing a business entity's completed final application and determining that the business entity meets the eligibility criteria as set forth in this article, the department may issue to that business entity a certificate of tax credit. 4. The business entity must submit its application by September thirtieth, two thousand twenty-three.
