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Tax CreditUtahActiveVerified

Utah Economic Development Tax Increment Finance (EDTIF) Tax Credit

Governor's Office of Economic Opportunity (Go Utah)UT-EDTIF
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Utah

About This Program

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.

Key Requirements & Eligibility

  • 1Must be creating new high-paying jobs in Utah in a targeted industry
  • 2Credit: up to 30% of state taxes paid by new employees over the project period
  • 3Jobs must pay at least 110% of county average annual wage
  • 4Post-performance: company pays taxes first, then receives credit after job creation is verified
  • 5Minimum project: typically 10โ€“50 new jobs depending on location and industry

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

TechnologyManufacturingFinancial ServicesHealthcare
Official Source