Annual aggregate credit limit

# (a)

The amount of tax credits allowed under this chapter may not exceed two million dollars ($2,000,000) for the period beginning July 1, 2021, through December 31, 2023.

# (b)

The amount of tax credits allowed under this chapter may not exceed two million dollars ($2,000,000) in each calendar year beginning after December 31, 2023, and ending before January 1, 2028.

# (c)

The department shall record the time of filing of each application for allowance of a tax credit required under section 4 of this chapter and shall approve the applications, if they

otherwise qualify for a tax credit under this chapter, in the chronological order in which the applications are filed in the calendar year.

# (d)

When the total tax credits approved under this section equal the maximum amount allowable, no application thereafter filed for that calendar year shall be approved.
As added by P.L.165-2021, SEC.91. Amended by P.L.97-2023, SEC.5.