Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides post-performance corporate income tax credits to companies creating high-paying jobs in Utah's targeted industries, based on a percentage of state taxes paid by new employees.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must be creating new high-paying jobs in Utah in a targeted industry
2.Credit: up to 30% of state taxes paid by new employees over the project period
3.Jobs must pay at least 110% of county average annual wage
4.Post-performance: company pays taxes first, then receives credit after job creation is verified
5.Minimum project: typically 10–50 new jobs depending on location and industry
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.