Regulation .07 Eligible Business Activities.
Regulation .07 Eligible Business Activities.LinkCopy Citation
A.
To qualify for the tax credit, a qualified business entity shall establish or expand a business facility in the State that is primarily engaged in one or more of the following qualifying activities:
(1)
Manufacturing;
(2)
Mining;
(3)
Transportation;
(4)
Communications;
(5)
Agriculture;
(6)
Forestry;
(7)
Fishing;
(8)
Research, development, or testing;
(9)
Biotechnology;
(10)
Computer programming, data processing, or other computer-related services;
(11)
Central financial, real estate, or insurance services;
(12)
The operation of central administrative offices or a company headquarters;
(13)
A public utility;
(14)
Warehousing;
(15)
Business services, if the business facility established or expanded by the business entity is located in a State priority funding area; or
(16)
Operation of entertainment, recreation, cultural, or tourism-related activities in a multiuse facility located within a revitalization area, if the facility:
(a)
Generates a minimum of 1,000 new full-time equivalent filled positions in a 24-month period, and
(b)
Is not primarily used by a professional sports franchise or for gaming.
B.
In determining whether a business facility is engaged in a qualifying activity, the Department shall consider the definitions set forth in the U.S. Department of Labor's Standard Industrial Classification Manual.