10 CCR s 5480.7

Cal. Admin. Code tit. 10, s 5480.7

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 5480.7. Certification Letter Process for Notifying CIEDB Board of
Investment and Job Creation Attainment.

(a) An Eligible Entity that has attained, within one year of the Partial
Exemption Use Date (unless extended pursuant to an approved Extension
Request) the minimum Investment of one hundred fifty million dollars
($150,000,000) and the filling of 500 new Direct Jobs plus Supporting
Jobs, each as required in section 5480.1(i), shall submit a Certification
Letter to the CIEDB Board to be postmarked within 30 calendar days
following the Attainment Date.

(b) The Certification Letter, signed by the Authorized Applicant
Representative, shall be postmarked not later than 30 calendar days
following the Attainment Date and shall include the following:

(1) The name of the Applicant;

(2) The name, address, phone number, fax number and email address
of the Authorized Applicant Representative;

(3) The Partial Exemption Use Date; and

(4) Attach the Exemption Allocation Letter.

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 5480.7, 10 CA ADC s 5480.7
1CAC

10 CA ADC s 5480.7

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