63N-2-809. Issuance of tax credit certificates.
(1) For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant: for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an agreement with the office; for two taxable years immediately following the taxable year described in Subsection; and (1)(a) for the seven taxable years immediately following the last of the two taxable years described in Subsectionif: (1)(b) the agreement with the office described in Sectionincludes a provision that the tax credit applicant will make new capital expenditures of at least $1,000,000,000 in the state; and 63N-2-808 the tax credit applicant makes new capital expenditures of at least $1,000,000,000 in the state in accordance with the agreement with the office described in Section. 63N-2-808
(2) The office shall provide a duplicate copy of each tax credit certificate to the State Tax Commission.