143.2110.  Income tax deduction for cargo — amount, claiming procedure. — 1.  As used in this section, unless the context clearly indicates otherwise, the term "international trade facility" shall mean a company that:

  (1)  Is doing business in the state and engaged in water port or airport related activities including, but not limited to, warehousing, distribution, freight forwarding and handling, and goods processing;

  (2)  Has the sole discretion and authority to move cargo in containers or noncontainerized, originating or terminating in the state;

  (3)  Uses water-connected port facilities or airport facilities located in the state; and

  (4)  Uses airplanes, barges, trucks, or rail systems to move cargo, in containers or noncontainerized, through water port facilities or airports in the state.

  2.  For tax years beginning on or after January 1, 2017, but before January 1, 2023, a company that is an international trade facility shall be allowed a twenty-five dollar deduction per TEU or equivalent of noncontainerized cargo moved by airplane, barge, or rail.

  3.  In no case shall more than two million dollars in deductions be claimed under this section in any fiscal year of the state.  The international trade facility shall not be allowed to claim any deduction under this section unless it has applied to the department for the deduction and the department has approved the deduction.  The department shall determine the deduction amount allowable for the year and provide a written certification to the international trade facility, which certification shall report the amount of the deduction approved by the department.  The international trade facility shall attach the certification to the applicable tax return.