Credit for major food processing and manufacturing facility expansion
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. 2. Procedures for application; certificate of approval. The provisions of this subsection govern the procedures for providing for and obtaining a certificate of approval. 3. Refundable credit allowed. A certified applicant is allowed a credit as provided in this subsection. 4. Appeals. The applicant or certified applicant may appeal in accordance with Title 5, chapter 375, subchapter 7 any determination, action or failure to act by the commissioner under this section. 5. Reporting required. A certified applicant, the commissioner and the assessor are required to make reports pursuant to this subsection. 6. Rulemaking. The commissioner may adopt routine technical rules as defined in Title 5, chapter 375, subchapter 2-A to implement this section. 7. Evaluation; specific public policy objectives; performance measures. The credit provided under this section is subject to ongoing legislative review in accordance with Title 3, chapter 37 . The Office of Program Evaluation and Government Accountability shall submit an evaluation of the credit provided under this section to the joint legislative committee established to oversee program evaluation and government accountability and the joint standing committee of the Legislature having jurisdiction over taxation matters. In developing evaluation parameters to perform the review, the office shall consider: 8. Catastrophic occurrence; benefits. A certified applicant may apply for an adjustment of the base level of employment as described in this section if it has sustained at least a 15% loss of employed workers due to a catastrophic occurrence. For the purposes of this section, the base level of employment may be adjusted to subtract the reduction in employment at the locations affected by the catastrophic occurrence to the extent that the employment was included in the base level of employment at the time of application for a certificate of approval under subsection 2 . A certified applicant must apply for an adjustment of the base level of employment within 2 calendar years of the catastrophic occurrence.