Versions of s. 127.491(21)

Each taxpayer that fails to file a compliance report as required by subsection (19) is liable to a penalty, for each such failure, in an amount, not exceeding the total of all clean electricity investment tax credits deducted by the taxpayer in respect of the system, equal to the amount determined by the formula[(4% × A) ÷ 365] × B where A is the total of all amounts, each of which is the amount of a clean electricity investment tax credit in respect of the system deducted by the taxpayer for a taxation year that ended before the applicable date in subsection (19); and B is the number of days during which the failure continues.