(1) Sections 15-31-124 through 15-31-127 , MCA, as amended, allow a tax credit equal to 1% of wages paid by a new or expanding corporation. Any corporation seeking credit under 15-31-124 through 15-31-127 , MCA, shall demonstrate its eligibility to the department.

(2) Each corporation seeking a credit under 15-31-124 through 15-31-127 , MCA, shall show:

(a) that it is a corporation pre-registered pursuant to Title 35, chapter 1, MCA, as amended;

(b) that it was registered for the first time during the tax year for which the first credit is claimed or that the industry meets the definition of expanding per 15-31-124 , MCA, as amended; and

(c) that the corporation is engaged in manufacturing as that term is defined in 15-31-124 , MCA.