(A) A business entity must apply for either tax credit on a form furnished by the Director of Finance, must identify which tax credit it intends to request, and declare when and how it expects to qualify for the credit.
(B) When a business entity believes it has met all requirements for the tax credit, it may apply for certification on a form furnished by the Director of Finance, and must provide sufficient information to show that all requirements under this article and applicable state law have been met.
(C) The Director of Finance shall:
(1) Determine the eligibility of the business entity for the tax credit;
(2) Notify the State Department of Assessments and Taxation that a business entity has been approved for the tax credit; and
(3) Require submission of information by the business entity each year that a tax credit is sought and during the 3 taxable years after any year when the tax credit was earned to verify, to the Director of Finance's satisfaction, that the business entity continues to satisfy all applicable requirements under this article.
(D) A business entity which submits a false or fraudulent application, or withholds information, to obtain a tax credit under this article must repay the county for all amounts previously credited for any and all years that the credits were provided and all accrued interest and penalties that would apply to those amounts as overdue taxes. A business entity which violates this subsection is liable for all court costs and expenses of the county in any civil action brought by the county against the violator. The county may collect any repayable tax credit, and otherwise enforce this article, by any appropriate legal action.
(E) The Director of Finance may promulgate regulations to administer the new jobs tax credit and enhanced new jobs tax credit enacted by this article.
(Ord. 11-14-580, 6-16-2011; Ord. 14-23-678, 11-13-2014)