California Code of Regulations
Title 10 - Investment
Chapter 7.72 - Rural Investment Tax Exemption
Section 5480.3 - Partial Exemption Allocation Request
Universal Citation: 10 CA Code of Regs 5480.3
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A complete Request, when submitted with an Eligible Entity Application, shall consist of the following:
(1) The amount of Partial Exemption requested for
the current year;
(2) The Partial
Exemption Use Date, if known;
(3) A
certification that the Request is based on a good faith estimate by Applicant to
fully utilize the amount of the Request; and
(4) A certification that includes the following
language: "I hereby certify that [name of Eligible Entity] will [or has] purchased
during calendar year 20__ tangible personal property meeting the requirements of the
California Code of Regulations, title 18, section 1525.7 in an amount that would
entitle [name of Eligible Entity] to a partial exemption of [amount], pursuant to
Revenue and Taxation Code section
6378.1;"
(b) A complete Request, when submitted subsequent to the Eligible Entity Application, shall consist of a written document signed and dated by an Authorized Applicant Representative and containing all of the following information:
(1) Name of Applicant;
(2) Address of Eligible Facility;
(3) Primary classification code from the SIC or
NAICS for the Eligible Facility;
(4)
Applicant contact person name, title, address, phone number, fax number and email
address;
(5) The amount of Partial
Exemption requested for the current year;
(6) The Partial Exemption Use Date, if
known;
(7) A certification that the
Request is based on a good faith estimate by Applicant to fully utilize the amount
of the Request;
(8) A certification that
includes the following language: "I hereby certify that [name of Eligible Entity]
will [or has] purchased during calendar year ___ tangible personal property meeting
the requirements of the California Code of Regulations, title 18, section 1525.7 in
an amount that would entitle [name of Eligible Entity] to a partial exemption of
[amount], pursuant to Revenue and Taxation Code section
6378.1;"
and
(9) For Applicants that have already
received a Eligibility Letter:
(A) A copy of the
Eligibility Letter.
(B) A certification
by an Authorized Applicant Representative that the Applicant is on schedule to meet
the Investment, and filling of new Direct Jobs plus Supporting Jobs, each as
required by section
5480.1(i).
(C) A copy of any Certification Letter that was
submitted as described in Section
5480.7.
(D) A Copy of Extension Requests granted pursuant
to Section 5480.6, if applicable.
(E) A copy of any previously received Exemption
Allocation Letter(s); and either
1. The Partial
Exemption Use Date; or
2. Written
authorization for the CIEDB Staff to obtain confirmation from the Board of
Equalization that the Applicant has not used the Partial
Exemption.
1. New section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).
Note: Authority cited: Section 11152, Government Code; and Section 6378.1, Revenue and Taxation Code. Reference: Section 6378.1, Revenue and Taxation Code.
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