15-32-407. Rules authorized. The department of revenue is authorized to adopt rules to implement this part. The purpose of such rules must be to insure the following:
     (1) proper and efficient administration of this part;
     (2) proper reporting of information and payment of any amounts due by persons claiming the credit pursuant to this part;
     (3) the claiming of the credit only against taxes due as a consequence of income produced by new economic activity in the state as described in 15-32-402.

     History: En. Sec. 7, Ch. 648, L. 1983.