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Tax CreditUtahActiveVerified

Utah Economic Development Tax Increment Finance

Governor's Office of Economic Opportunity (GOEO)UT-EDTIFRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Post-performance tax rebates for Utah businesses creating high-paying jobs, returning a percentage of new state taxes generated by the project over an agreement period of up to 20 years.

Key Requirements & Eligibility

  • 1Must create 50+ new high-paying Utah jobs (lower thresholds for rural projects)
  • 2Jobs must pay 110%+ of county average wage with benefits
  • 3Rebate: up to 30% of new state taxes generated for up to 20 years
  • 4All benefits are post-performance; company pays taxes first, then receives rebate
  • 5Must demonstrate Utah is in competition with other states for the project

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Must create 50+ new high-paying Utah jobs (lower thresholds for rural projects)

2.Jobs must pay 110%+ of county average wage with benefits

3.Rebate: up to 30% of new state taxes generated for up to 20 years

4.All benefits are post-performance; company pays taxes first, then receives rebate

5.Must demonstrate Utah is in competition with other states for the project

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