Connecticut Administrative Code › Title 12 - Taxation › 217kk - Film and Digital Media Infrastructure Tax Credit Program › Section 12-217kk-3 - Application for eligibility certification as state-certified project

Current through July 10, 2024
(a) An applicant with an infrastructure
			 project seeking eligibility certification shall file a written application with
			 the Commission under oath on such forms as the Commission may prescribe not
			 later than ninety (90) calendar days after the applicant incurs the first
			 eligible expenditure in connection with the infrastructure project which is the
			 subject of the application.
(b) An
			 applicant may file only one application for each infrastructure project for
			 which it seeks eligibility certification and there may be only one applicant
			 for each infrastructure project.
(c) An applicant shall be the entity which
			 will own or lease the realty associated with the project and shall have access
			 to all books and records documenting the project's eligible expenditures as may
			 be necessary to comply with the provisions of section
			 12-217kk
			 of the Connecticut General Statutes and sections
			 12-217kk-1
			 through
			 12-217kk-13,
			 inclusive, of the Regulations of Connecticut Sate Agencies.
(d) The Commission shall identify any
			 application not filed within the time limit set forth in subsection (a) of
			 section 12-217kk-3 of the Regulations of Connecticut State Agencies as having
			 been late filed and no further processing of said application shall be
			 undertaken.
(e) An applicant
			 seeking State-certified project status for its project shall provide the
			 Commission with information pertinent to it and the project which shall
			 include, but not be limited to, the following:
(1) Legal name, address and telephone
			 number;
(2) Name, title and
			 telephone number of primary contact person and other contact persons whom the
			 Commission may contact to discuss the application information;
(3) Type of business entity (i.e., sole
			 proprietorship, partnership, corporation, etc.);
(4) Satisfactory evidence from the Secretary
			 of the State and the Commissioner that applicant is authorized to do business
			 in the state and registered as a taxpayer;
(5) Federal Employer Identification Number
			 (FEIN) or Tax Identification Number (TIN);
(6) Detailed description of the project
			 including specific address at which the project will be built, constructed, or
			 installed;
(7) Estimated total
			 project budget with itemized estimated cost report as described in section
			 12-217kk-4
			 of the Regulations of Connecticut State Agencies;
(8) Names, addresses, contact persons, and
			 telephone numbers of all architectural, engineering and other professional and
			 consulting firms providing services in connection with the project;
(9) Copies of all project related purchase,
			 lease, option, construction and construction management agreements;
(10) Estimated project start date and
			 completion date;
(11) Detailed
			 listing of all municipal or regional agency approvals required for the project
			 and copies of all such municipal or regional agency approvals, including
			 building permits;
(12) Detailed
			 description of applicant's financing arrangements to underwrite the project,
			 including lending sources, and copies of all loan agreement and commitment
			 letters;
(13) The applicant's
			 certification that it will at all times maintain books and records relating to
			 the project's eligible expenditures in accordance with generally accepted
			 accounting principles (GAAP) consistently applied;
(14) The applicant's certification that
			 neither it, nor any partner, officer, director, or shareholder owning more than
			 ten percent (10%) of the shares outstanding, has ever defaulted on a State loan
			 or loan guaranteed by the State or, individually or as a principal in a
			 business entity, had a debt or obligation owing to a public agency discharged
			 in bankruptcy;
(15) The applicant's
			 certification that the project facilities and equipment will not be used for
			 purposes which require the maintenance of records pursuant to
			 18 U.S.C. §
										2257; and,
(16) Such additional pertinent application
			 information concerning the applicant or the infrastructure project as the
			 Commission may request.