§ 63M-1-2906. Criteria for tax credits.  


Latest version.
  • (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