Utah § 63N-2-104.1 Eligibility for tax credit -- Economic impact study.

Utah Statutes

§ 63N-2-104.1 — Eligibility for tax credit -- Economic impact study.

Utah § 63N-2-104.1

Title 63NEconomic Opportunity Act

Ch. 63N-2Tax Credit Incentives for Economic Development

Part 63N-2-1Economic Development Tax Increment Financing

This text of Utah § 63N-2-104.1 (Eligibility for tax credit -- Economic impact study.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63N-2-104.1 (2026).

Text

(1)The office shall certify a business entity's eligibility for a tax credit as provided in this section.

(2)A business entity is eligible to receive a tax credit for a new commercial project if:

(2)(a) the new commercial project:

(2)(a)(i) (2)(a)(i)(A) is located and provides direct investment within the geographic boundaries of a development zone; or

(2)(a)(i)(B) creates a remote work opportunity;

(2)(a)(ii) includes the creation of high paying jobs in the state, significant capital investment in the state, or significant purchases from vendors, contractors, or service providers in the state, or a combination of these three economic factors; and

(2)(a)(iii) generates new state revenues; and

(2)(b) the business entity has not claimed a High Cost Infrastructure Development Tax Credit un

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The office shall certify a business entity's eligibility for a tax credit as provided in this section.
(2) A business entity is eligible to receive a tax credit for a new commercial project if:

(2)(a) the new commercial project:
(2)(a)(i) (2)(a)(i)(A) is located and provides direct investment within the geographic boundaries of a development zone; or
(2)(a)(i)(B) creates a remote work opportunity;
(2)(a)(ii) includes the creation of high paying jobs in the state, significant capital investment in the state, or significant purchases from vendors, contractors, or service providers in the state, or a combination of these three economic factors; and
(2)(a)(iii) generates new state revenues; and
(2)(b) the business entity has not claimed a High Cost Infrastructure Development Tax Credit under Section 79-6-603 for the same new commercial project, if the new commercial project is located within a county of the first or second class.
(3) The office shall conduct a study of the economic impacts associated with a new commercial project to determine whether a business entity meets the requirements of Subsection (2).
(4) In determining whether a new commercial project meets the requirements of Subsection (2)(a)(ii), the office may attribute an incremental job or a high paying job to a new commercial project regardless of whether the job is performed in person, within a development zone, or remotely from elsewhere in the state.