Tennessee · Statutes
Chapter 28
15 sections
15 sections
- Tenn. Code Ann. § 4-28-101Short title
- Tenn. Code Ann. § 4-28-102Chapter definitions
- Tenn. Code Ann. § 4-28-103Participating investor's investment tax credit - Limits - Payment of retaliatory tax not required - Credits against other taxes
- Tenn. Code Ann. § 4-28-104Standardized format for qualification - Qualification requirements - Determination of satisfaction of requirements - Issuance of certification or refusal - Submission of applications
- Tenn. Code Ann. § 4-28-105Standardized format for TNInvestco to apply for investment tax credits - Information required in applications - Submission of irrevocable investment commitments - Penalty for failure to perform - Review of applications - Criteria - Aggregate amount of investment tax credits to be allocated - Deadline for approval
- Tenn. Code Ann. § 4-28-106Maintaining certification - Penalty for failure to meet performance measures - Request for written determination that proposed investment will qualify as a qualified investment in a qualified business or a seed or early stage investment
- Tenn. Code Ann. § 4-28-107Restrictions on insurance companies and their affiliates
- Tenn. Code Ann. § 4-28-108Distributions from qualified TNInvestco
- Tenn. Code Ann. § 4-28-109Payment of profit share percentage or end date profit share percentage - Transfers from the general fund to the Tennessee rural opportunity fund and the small and minority owned business assistance program fund - Distribution of investment returns - Minimizing any related federal tax obligation
- Tenn. Code Ann. § 4-28-110Report by TNInvestco - Annual, nonrefundable certification fee - Satisfaction of the requirements of Section 4-28-106 (a)
- Tenn. Code Ann. § 4-28-111Annual review - Summary of findings - Curing noncompliance
- Tenn. Code Ann. § 4-28-112Annual report
- Tenn. Code Ann. § 4-28-113Investment stategy scorecard - Annual review - Compliance - Written findings
- Tenn. Code Ann. § 4-28-114Maintenance of website
- Tenn. Code Ann. § 4-28-115Liquidation of remaining state ownership interests - Method - Approval by treasurer - Investments liquidated after program end date