Sec. 8-395-8. Year in which contributions must be made and in which credit must be claimed

(a) The amount which is proposed to be contributed by a business firm to which a credit voucher has been reserved, must be contributed during such firm's tax year which begins during the calendar year in which the application for such voucher was filed.

(b) The credit which is sought by the business firm must be claimed on a tax return for such firm's tax year which begins during the calendar year in which the application for a tax credit voucher was filed.

(Effective September 26, 1988)