135.423. Revocation of tax credit, grounds for--procedures.
Revocation of tax credit, grounds for--procedures.
135.423. The department may revoke a tax creditcertificate if any representation to the department inconnection with the application proves to have been falsewhen made or if the application violates any conditionsestablished by the department and stated in the tax creditcertificate. The revocation may be in full or in part asthe department may determine. The department shall specifythe amount of credit being revoked and shall send notice ofthe revocation to the investor and to the state departmentof revenue.
(L. 1992 S.B. 661 & 620 § 12)Effective 1-1-93