Effective 1-1-2020.

1. (b) If the corporation determines that a credit should be awarded under this chapter for a taxpayer's qualified investment but the award:

   1. (1) will result in the corporation's cumulative credit awards under this chapter for a state fiscal year for all taxpayers for all qualified investments to exceed the limit established by subsection (a); or

   2. (2) should not be considered when calculating the corporation's cumulative credit awards under this chapter for a state fiscal year for all taxpayers for all qualified investments;

      the corporation may, after review by the budget committee, enter into an agreement with the taxpayer under section 17 of this chapter.

Sec. 22. (a) Except as provided in subsection (b), the total amount of credits that the corporation may award under this chapter for a state fiscal year for all taxpayers for all qualified investments is fifty million dollars ($50,000,000). The portion of the credits that is subject to a repayment provision under section 18(b) or 18(c) of this chapter is not included in the calculation of the annual limit.

As added by P.L.158-2019, SEC.29.