Utah Statutes

§ 63N-2-102 — Purpose.

Utah·Title 63N Economic Opportunity Act·Ch. 63N-2 Tax Credit Incentives for Economic Development·Part 63N-2-1 Economic Development Tax Increment Financing

This part is enacted to:

(1)foster and develop targeted industries in the state, to stimulate community-focused economic growth, and to diversify and catalyze the state's economy;
(2)create high paying employment opportunities in the state;
(3)provide tax credits to attract new commercial projects and new jobs in economic development zones in the state; and
(4)provide a cooperative and unified working relationship between state and local economic development efforts.

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Legislative History

Amended by Chapter 200, 2022 General Session

Nearby Sections

15
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