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Business Taxes
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May credits be taken by more than one qualified taxpayer for the same project? May a taxpayer take a credit on more than one project?
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Answer:
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Yes. More than one qualified taxpayer may be eligible for a credit on the same project provided that each qualified taxpayer makes an eligible investment on an eligible property in accordance with the preapproval letter for the project. A qualified taxpayer may apply for credits on more than one project as long as all other requirements are met. However, only one SBT project may be approved for a single eligible property identified in a brownfield plan.
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