Tennessee Small Business Investment Company Credit Act

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  4. Tennessee Small Business Investment Company Credit Act

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Section
4-28-101

Short Title

Section
4-28-102

Chapter Definitions

Section
4-28-103

Participating Investor’s Investment Tax Credit — Limits — Payment of Retaliatory Tax Not Required — Credits Against Other Taxes

Section
4-28-104

Standardized Format for Qualification — Qualification Requirements — Determination of Satisfaction of Requirements — Issuance of Certification or Refusal — Submission of Applications

Section
4-28-105

Standardized 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

Section
4-28-106

Maintaining 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

Section
4-28-107

Restrictions on Insurance Companies and Their Affiliates

Section
4-28-108

Distributions From Qualified Tninvestco

Section
4-28-109

Payment of 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

Section
4-28-110

Report by Tninvestco — Annual, Nonrefundable Certification Fee — Satisfaction of the Requirements of § 4-28-106(a)(1) — Key Persons

Section
4-28-111

Annual Review — Summary of Findings — Curing Noncompliance

Section
4-28-112

Annual Report

Section
4-28-113

Investment Stategy Scorecard — Annual Review — Compliance — Written Findings

Section
4-28-114

Maintenance of Web Site

Section
4-28-115

Liquidation of Remaining State Ownership Interests — Method — Approval by Treasurer