UTAH CODE (Last Updated: January 16, 2015) |
Title 63M. Governor's Programs |
Chapter 1. Governor's Office of Economic Development |
Part 29. Technology and Life Science Economic Development Act |
§ 63M-1-2906. Criteria for tax credits.
Latest version.
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(1) A tax credit applicant shall establish as part of the application required by Section 63M-1-2905 that the tax credit applicant: (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 (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 that fails to meet the requirements of Subsection (1)(a).
Enacted by Chapter 306, 2011 General Session