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Tax CreditUtahActiveVerified

Utah Economic Development Tax Increment Finance

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

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Utah

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

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Apply or Learn More

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

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Applicable Industries

TechnologyManufacturingFinancial ServicesData Centers
Official Source