increase the capacity for water delivery to a water user in the state; or
(ii)
increase the capability of an existing water delivery system or related facility to deliver water to a water user in the state. See Utah Code 79-6-602
Infrastructure cost-burdened entity: includes a pass-through entity taxpayer, as defined in Section 59-10-1402, of a person described in Subsection (6)(a). See Utah Code 79-6-602
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
Tax credit certificate: means a certificate issued by the office to an infrastructure cost-burdened entity that:
(a)
lists the name of the infrastructure cost-burdened entity;
(b)
lists the infrastructure cost-burdened entity's taxpayer identification number;
(c)
lists, for a taxable year, the amount of the tax credit authorized for the infrastructure cost-burdened entity under this part; and
(d)
includes other information as determined by the office. See Utah Code 79-6-602
(a)
an application for a tax credit certificate;
(b)
documentation that the applicant meets the requirements described in Subsection 79-6-603(1), to the satisfaction of the office, for the taxable year for which the applicant seeks to claim a tax credit; and
(c)
documentation that expressly directs and authorizes the State Tax Commission to disclose to the office the applicant’s returns and other information concerning the applicant that would otherwise be subject to confidentiality under Section 59-1-403 or Section 6103, Internal Revenue Code.
(2)
(a)
The office shall, for an applicant, submit the documentation described in Subsection (1)(c) to the State Tax Commission.
(b)
Upon receipt of the documentation described in Subsection (1)(c), the State Tax Commission shall provide the office with the documentation described in Subsection (1)(c).
(3)
If, after the office reviews the documentation from the State Tax Commission under Subsection (2)(b) and the information the applicant submits to the office under Section 79-6-603, the office, in consultation with the Utah Energy Infrastructure Board created in Section 79-6-902, determines that the applicant is not eligible for the tax credit under Section 79-6-603, or that the applicant’s documentation is inadequate, the office shall:
(a)
deny the tax credit; or
(b)
inform the applicant that the documentation supporting the applicant’s claim for a tax credit was inadequate and request that the applicant supplement the applicant’s documentation.
(4)
Except as provided in Subsection (5), if, after the office reviews the documentation described in Subsection (2)(b) and the information described in Subsection 79-6-603(6), the office, in consultation with the Utah Energy Infrastructure Board created in Section 79-6-902, determines that the documentation supporting an applicant’s claim for a tax credit adequately demonstrates that the applicant is eligible for the tax credit under Section 79-6-603, the office shall, on the basis of the documentation:
(a)
enter, with the applicant, into the agreement described in Subsection 79-6-603(3);
(b)
issue a tax credit certificate to the applicant; and
(c)
provide a duplicate copy of the tax credit certificate described in Subsection (4)(b) to the State Tax Commission.
(5)
The office may deny an applicant a tax credit based on the recommendation of the Utah Energy Infrastructure Board, as provided in Subsection 79-6-603(2).
(6)
An infrastructure cost-burdened entity may not claim a tax credit under Section 59-7-619 or 59-10-1034 unless the infrastructure cost-burdened entity receives a tax credit certificate from the office.
(7)
An infrastructure cost-burdened entity that claims a tax credit shall retain the tax credit certificate in accordance with Subsection 79-6-603(7).
(8)
Except for the information that is necessary for the office to disclose in order to make the report described in Section 79-6-605, the office shall treat a document an applicant or infrastructure cost-burdened entity provides to the office as a protected record under Section 63G-2-305.
