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Is an entity that completes the application for certification as a TNInvestco guaranteed an award of investment tax credit allocations?

April 26, 2017allocations application award Certification completes entity guaranteed Investment tax credit tninvestco

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Is an entity that completes the application for certification as a TNInvestco guaranteed an award of investment tax credit allocations?

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No. The awarding of investment tax credits shall be in the sole discretion of the Commissioner of Economic and Community Development and the Commissioner of Revenue and must be made in accordance with the guidelines set forth in the TNInvestco Act.