Sec.12-217ll-7. Detailed cost report

(a) Each applicant for a tax credit voucher shall file with the Commission, under oath, a detailed cost report on such forms as the Commission may prescribe.

(b) The detailed cost report shall classify costs and expenditures actually incurred by the applicant under each of the categories specified below:

(1) Talent costs;

(2) Payroll;

(3) Overhead;

(4) Post production; or

(5) Other.

(c) Within the foregoing general expense or cost categories, the Commission may prescribe such sub-categories as it deems necessary to facilitate applicant's reporting of its production expenses or costs and the Commission's review of such production expenses and costs.

(Adopted effective February 5, 2009)