10 CCR s 5480.3

Cal. Admin. Code tit. 10, s 5480.3

CALIFORNIA CODE OF REGULATIONS
TITLE 10. INVESTMENT
CHAPTER 7.72. RURAL INVESTMENT TAX EXEMPTION
This database is current through 01/05/07, Register 2007, No. 1.
s 5480.3. Partial Exemption Allocation Request.

(a) A complete Request, when submitted with an Eligible Entity
Application, shall consist of the following:

(1) The amount of Partial Exemption requested for the current year;

(2) The Partial Exemption Use Date, if known;

(3) A certification that the Request is based on a good faith
estimate by Applicant to fully utilize the amount of the Request;
and

(4) A certification that includes the following language: "I hereby
certify that [name of Eligible Entity] will [or has] purchased
during calendar year 20__ tangible personal property meeting the
requirements of the California Code of Regulations, title 18,
section 1525.7 in an amount that would entitle [name of Eligible
Entity] to a partial exemption of [amount], pursuant to Revenue and
Taxation Code section 6378.1;"

(b) A complete Request, when submitted subsequent to the Eligible Entity
Application, shall consist of a written document signed and dated by an
Authorized Applicant Representative and containing all of the following
information:

(1) Name of Applicant;

(2) Address of Eligible Facility;

(3) Primary classification code from the SIC or NAICS for the
Eligible Facility;

(4) Applicant contact person name, title, address, phone number,
fax number and email address;

(5) The amount of Partial Exemption requested for the current year;

(6) The Partial Exemption Use Date, if known;

(7) A certification that the Request is based on a good faith
estimate by Applicant to fully utilize the amount of the Request;

(8) A certification that includes the following language: "I hereby
certify that [name of Eligible Entity] will [or has] purchased
during calendar year ____ tangible personal property meeting the
requirements of the California Code of Regulations, title 18,
section 1525.7 in an amount that would entitle [name of Eligible
Entity] to a partial exemption of [amount], pursuant to Revenue and
Taxation Code section 6378.1;" and

(9) For Applicants that have already received a Eligibility Letter:

(A) A copy of the Eligibility Letter.

(B) A certification by an Authorized Applicant Representative that
the Applicant is on schedule to meet the Investment, and filling of
new Direct Jobs plus Supporting Jobs, each as required by section
5480.1(i).

(C) A copy of any Certification Letter that was submitted as
described in Section 5480.7.

(D) A Copy of Extension Requests granted pursuant to Section
5480.6, if applicable.

(E) A copy of any previously received Exemption Allocation
Letter(s); and either

1. The Partial Exemption Use Date; or

2. Written authorization for the CIEDB Staff to obtain confirmation
from the Board of Equalization that the Applicant has not used the
Partial Exemption.

Note: Authority cited: Section 11152, Government Code; and
Section 6378.1, Revenue and Taxation Code. Reference: Section
6378.1, Revenue and Taxation Code.

HISTORY

1. New section filed 8-15-2002; operative 9-14-2002 (Register 2002, No.
33).

10 CCR s 5480.3, 10 CA ADC s 5480.3
1CAC

10 CA ADC s 5480.3

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