Section 40-18-383
Maximum balance of outstanding incentives; availability of incentives to existing projects.
(a) At no time prior to the calendar year ending December 31, 2020, shall the annualized balance of outstanding jobs act incentives exceed $300 million, which amount would increase to three hundred twenty-five million dollars ($325,000,000) for the calendar year ending December 31, 2021 and three hundred fifty million dollars ($350,000,000) for the calendar year ending December 31, 2022, unless the Legislature enacts legislation to allow additional jobs act incentives. Of the above annualized balance, twenty million dollars ($20,000,000) shall apply to qualifying projects located in targeted or jumpstart counties as described in Section 40-18-376.1.
(b) Jobs act incentives shall not be available to any project for which substantial construction activities have begun by July 2, 2015.
(c) Jobs act incentives under this article shall not be available for any qualifying project unless at least 80 percent of the eligible employees created by the qualifying project are employed full time.
(Act 2015-27, p. 103, §§6, 7; Act 2017-314, §§1,2; Act 2021-2, §1.)