Utah § 63N-2-809 Issuance of tax credit certificates.

Utah Statutes

§ 63N-2-809 — Issuance of tax credit certificates.

Utah § 63N-2-809

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-2-809 (Issuance of tax credit certificates.) 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-2-809 (2026).

Text

(1)For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant:

(1)(a) for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an agreement with the office;

(1)(b) for two taxable years immediately following the taxable year described in Subsection (1)(a); and

(1)(c) for the seven taxable years immediately following the last of the two taxable years described in Subsection (1)(b) if:

(1)(c)(i) the agreement with the office described in Section 63N-2-808 includes a provision that the tax credit applicant will make new capital expenditures of at least $1,000,000,000 in the state; and

(1)(c)(ii) the tax credit applicant makes new capital expenditures of at least $1,0

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

(1) For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant:

(1)(a) for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an agreement with the office;
(1)(b) for two taxable years immediately following the taxable year described in Subsection (1)(a); and
(1)(c) for the seven taxable years immediately following the last of the two taxable years described in Subsection (1)(b) if:
(1)(c)(i) the agreement with the office described in Section 63N-2-808 includes a provision that the tax credit applicant will make new capital expenditures of at least $1,000,000,000 in the state; and
(1)(c)(ii) the tax credit applicant makes new capital expenditures of at least $1,000,000,000 in the state in accordance with the agreement with the office described in Section 63N-2-808.
(2) The office shall provide a duplicate copy of each tax credit certificate to the State Tax Commission.