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

Utah Statutes

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

Utah·Title 63N Economic Opportunity Act·Ch. 63N-2 Tax Credit Incentives for Economic Development·Part 63N-2-8 Technology and Life Science Economic Development Act

(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.

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(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.

Utah § 63N-2-806 (Criteria for tax credits.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.