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INCENTIVE DESCRIPTION
| State: | UT |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | R&D Credits |
| Description: | RESEARCH AND DEVELOPMENT TAX CREDIT: A 6% tax credit for companies conducting qualified research in Utah. |
| Eligibility Requirements: | Qualified expenses include acquisition of equipment and machinery used to conduct research, wages paid to employees involved in the research, computers, computer equipment and software. Machinery and equipment are not eligible for the tax credit if they qualify for a sales and use tax exemption. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | Governor's Office of Economic Development |
| 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. |
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