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
Post-performance tax credit of up to 30% of new state taxes generated by a qualifying project over 5–20 years. Available to companies creating at least 50 new high-paying jobs (or lower thresholds in rural counties) in targeted industries, with post-performance payout reducing risk to the state.
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.Minimum 50 new FTE jobs at 110% of county average wage (lower in rural areas)
2.Targeted industries: tech, life sciences, financial services, advanced manufacturing
3.Credit: up to 30% of new state taxes (income, withholding, sales) over 5–20 years
4.Post-performance — company must create jobs BEFORE receiving credit
5.Apply through Go Utah prior to project announcement
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.