As used in this part:

1. (1) "Claimant" means the same as that term is defined in Section 59-10-1002.

2. (2) "Eligible claimant, estate, or trust" means a claimant, estate, or trust that:

   1. (a) enters into an agreement with the office in accordance with this part to receive a tax credit certificate for a tax credit under Section 59-10-1025; and
   2. (b) receives a tax credit certificate from the office in accordance with this part.
3. (3) "Life science establishment" means the same as that term is defined in Section 59-10-1025.
4. (4) "Tax credit" means a tax credit under Section 59-10-1025.
5. (5) "Tax credit applicant" means a person that applies to the office to receive a tax credit certificate under this part.

6. (6) "Tax credit certificate" means a certificate issued by the office that:

   1. (a) lists the name of the tax credit certificate recipient;
   2. (b) lists the tax credit certificate recipient's taxpayer identification number;
   3. (c) lists the amount of the tax credit certificate recipient's tax credits authorized under this part for a taxable year; and
   4. (d) includes other information as determined by the office.
7. (7) "Tax credit certificate recipient" means an eligible claimant, estate, or trust that receives a tax credit certificate in accordance with this part for a tax credit under Section 59-10-1025.

Amended by Chapter 354, 2016 General Session