Section 10-45-101 - Requirements for extension

10-45-101. Requirements for extension.The extension pertains only to equipment and machinery purchased and installed after July 1, 2001. No extension may be made unless:(1)The project cost exceeds twenty thousand dollars; and(2)The business applying for the extension obtains a permit from the secretary as set forth in §10-45-103. Source: SL 2001, ch 57, §4.