Layoffs or closures. If an approved Business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the tax incentives and assistance, the Department may reduce or eliminate all or a portion of the tax incentives and assistance. If an approved Business experiences a layoff within the state or closes any of its facilities within the state after receiving tax incentives and assistance, the Business may be subject to repayment of all or a portion of the tax incentives and assistance that it has received.
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Samples: Funding Agreement (Homeland Energy Solutions LLC), Master Contract (Southwest Iowa Renewable Energy, LLC)
Layoffs or closures. If an approved Business business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the tax incentives benefits and assistance, the Department department may reduce or eliminate all or a portion of the tax incentives benefits and assistance. If an approved Business a business experiences a layoff within the state or closes any of its facilities within the state after receiving tax incentives the benefits and assistance, the Business business may be subject to repayment of all or a portion of the tax incentives benefits and assistance that it has received.
Appears in 2 contracts
Samples: www.legis.iowa.gov, www.legis.iowa.gov
Layoffs or closures. If an approved Business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the tax incentives and assistance, the Department may reduce or eliminate all or a portion of the tax incentives and assistance. If an approved Business experiences a layoff within the state or closes doses any of its facilities within the state after receiving tax incentives and assistance, the Business may be subject to repayment of all or a portion of the tax incentives and assistance that it has received.
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