Section 261.76.5. Programs subject to the cap.

         76.5(1) Tax credits authorized under the following economic development programs are subject to the tax credit cap:

            a.               The high quality jobs program.

            b.               The enterprise zone program.

            c.               The assistive device tax credit program.

            d.               The tax credits for investments in qualifying businesses and community-based seed capital funds.

            e.               The tax credits for investments in certified innovation funds.

            f.                The redevelopment tax credit program for brownfields and grayfields.

         76.5(2) Pursuant to rule 261—76.6(15), the authority will allocate a certain amount of tax credits to the programs listed in this rule.

[ARC 7954B, IAB 7/15/09, effective 7/1/09; ARC 8146B, IAB 9/23/09, effective 10/28/09; ARC 1573C, IAB 8/20/14, effective 9/24/14]