Utah § 63N-2-806 Criteria for tax credits.

Utah Statutes

§ 63N-2-806 — Criteria for tax credits.

Utah § 63N-2-806

Title 63NEconomic Opportunity Act

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

Part 63N-2-8Technology and Life Science Economic Development Act

This text of Utah § 63N-2-806 (Criteria for tax credits.) 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-2-806 (2026).

Text

(1)A tax credit applicant shall establish as part of the application required by Section 63N-2-805 that the tax credit applicant:

(1)(a) meets all of the criteria to receive the tax credit for which the tax credit applicant applies, except for the requirement to obtain a tax credit certificate; and

(1)(b) will provide a long-term economic benefit to the state.

(2)The office may not issue a tax credit certificate to a tax credit applicant if:

(2)(a) the tax credit applicant fails to meet the requirements of Subsection (1)(a); and

(2)(b) the life science establishment does not enter into an agreement described in Section 63N-2-808 with the office.

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

(1) A tax credit applicant shall establish as part of the application required by Section 63N-2-805 that the tax credit applicant:

(1)(a) meets all of the criteria to receive the tax credit for which the tax credit applicant applies, except for the requirement to obtain a tax credit certificate; and
(1)(b) will provide a long-term economic benefit to the state.
(2) The office may not issue a tax credit certificate to a tax credit applicant if:

(2)(a) the tax credit applicant fails to meet the requirements of Subsection (1)(a); and
(2)(b) the life science establishment does not enter into an agreement described in Section 63N-2-808 with the office.