For purposes of this article: “Business entity” or “person” means an individual, firm, sole proprietorship, partnership, corporation, association, or other entity entitled to a post-coal mine site business credit. “Coal mining operation” means the business of developing, producing, preparing, or loading bituminous coal, subbituminous coal, anthracite, or lignite. “Post-coal mine site” means property that has […]
For those tax years beginning on or after January 1, 2020, a business entity will be allowed a credit against certain taxes imposed by this chapter, as described in §11-28-3 of this code, if the business entity meets the following requirements: (1) The entity is a corporation, small business corporation, limited liability company, partnership, or […]
(a) Amount of credit. — For those tax years beginning on or after January 1, 2020, an eligible business entity will be allowed a tax credit in the amount of 50 percent of that entitys capital expenditures (as defined in Section 263 of the United States Internal Revenue Code of 1986, as amended) at the […]
