100.790. Agreement contents.

224 words·~1 min read·/mo/chapter-100/100-790

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100.790. Agreement contents. — An agreement between the board and an eligible industry shall include all of the following:

(1)A detailed description of the project that is the subject of the agreement;

(2)A specific method for determining the number of new employees employed during a taxable year who are performing jobs not previously performed by an employee of the eligible industry;

(3)A requirement that the taxpayer shall annually report to the board the number of new employees who are performing jobs not previously performed by an employee, the total amount of salaries and wages paid to eligible employees in new jobs, and any other information the board needs to perform its duties pursuant to sections 100.700 to 100.850 ;

(4)A requirement that the taxpayer shall provide written notification to the director and the board not more than thirty days after the taxpayer makes or receives a proposal that would transfer the taxpayer's state tax liability obligations to a successor taxpayer;

(5)Any other performance conditions that the board and the director determine are appropriate; and

(6)A requirement that the taxpayer shall maintain operations at the project location for at least a period of time equal to the number of years for which credits are authorized in the financing agreement with the board.

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(L. 1996 H.B. 1237 § 16)