Restrictions on investment

# (a)

No qualified investment may be made in a qualified research and development company that is the alter ego of the eligible taxpayer.

# (b)

The eligible taxpayer shall maintain its qualified investment for a minimum period of five years: Provided, That an eligible taxpayer receiving repayment or return of a qualified investment (exclusive of interest, dividends or other earnings on the investment) shall within three calendar months from the date of repayment or return reinvest the repaid or returned amount of the initial investment in another qualified research and development company for a period of time at least equal to the remainder of the initial five-year term.

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In this chapter (40 sections)

11-13S-4 · Amount of credit allowed for manufacturing investment
11-13S-5 · Qualified manufacturing investment
11-13S-6 · Forfeiture of unused tax credits; redetermination of credit…
11-13S-7 · Transfer of property purchased for manufacturing investment…
11-13S-8 · Identification of investment credit property
11-13S-9 · Failure to keep records of property purchased for…
11-13S-10 · Tax credit review and accountability
11-13T-1 · Legislative finding and purpose
11-13T-2 · Definitions
11-13T-3 · Eligibility for tax credits; creation of the credit
11-13T-4 · Amount of credit allowed
11-13T-5 · Unused credit; carryforward; credit forfeiture
11-13T-6 · Application of credit against health care provider tax;…
11-13T-7 · Computation and application of credit
11-13T-8 · Legislative rules
11-13T-9 · Burden of proof
11-13U-1 · Short title
11-13U-2 · Legislative finding and purpose
11-13U-3 · Definitions
11-13U-4 · High-growth business investment tax credit
11-13U-5 · Restrictions on investment
11-13U-6 · Penalty
11-13U-7 · Disclosure of tax credits
11-13U-8 · Tax credit review and accountability
11-13U-9 · Rules
11-13U-10 · Effective date; expiration of credit
11-13V-1 · Short title
11-13V-2 · Legislative intent and findings
11-13V-3 · Definitions
11-13V-4 · Imposition of tax
11-13V-4A · Coalbed methane
11-13V-5 · Accounting periods and methods of accounting
11-13V-6 · Time for filing annual returns and other documents
11-13V-7 · Periodic installment payments of taxes imposed by this…
11-13V-8 · Extension of time for filing returns
11-13V-9 · Extension of time for paying tax
11-13V-10 · Place for filing returns or other documents
11-13V-11 · Time and place for paying tax shown on returns
11-13V-12 · Signing of returns and other documents
11-13V-13 · Bond of taxpayer may be required

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