(1) For tax years that begin on or after January 1, 2008 and end before January 1, 2013, an eligible taxpayer may claim a credit against the tax imposed by this act equal to the following:

    (a) For the 2008 through 2010 tax years, 65% of the eligible taxpayer’s total tax liability imposed under this act not to exceed $1,700,000.00.

    (b) For the 2011 tax year, 45% of the eligible taxpayer’s total tax liability imposed under this act not to exceed $1,180,000.00.

    (c) For the 2012 tax year, 25% of the eligible taxpayer’s total tax liability imposed under this act not to exceed $650,000.00.

    (2) As used in this section, “eligible taxpayer” means a taxpayer that is, collectively or individually, including through affiliated companies, an owner, operator, manager, licensee, lessee, or tenant of more than 1 facility or stadium in this state, including grounds and ancillary facilities, that has a capacity of at least 14,000 patrons per facility and is primarily used for professional sporting events or other entertainment, and that has made a capital investment of not less than $250,000,000.00, collectively or individually, including through affiliated companies, into the construction cost of a facility or stadium for which the taxpayer qualifies for this credit.