INCENTIVE DESCRIPTION

State: UT
Incentive Type: Income/Franchise Tax Incentives and Credits
Incentive Title: Investment Credits
Description: Targeted Business: A refundable credit is available to businesses providing a community investment project as defined in UCA §9-2-1801, §9-2-1802 and §9-2-1803.
Eligibility Requirements: The business applicant must meet the following criteria: (1) Be located in an enterprise zone; and a county with: a population of less than 25,000; and an unemployment rate that for six months or more of each calendar year is at least one percentage point higher than the state average; (2) Have a facility located in the enterprise zone, in which at least 51% of the employees are individuals who, at the time of employment, reside in the county in which the enterprise zone is located; (3)Provide: a community investment project within the enterprise zone; and a portion of the community investment project during each taxable year for which the credit is claimed; and (4)May not be engaged in the following: construction; retail trade; or public utility activities.
Geographic Restrictions: See Eligibility Requirements
Granting Authority: Local zone administrator


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.