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
State income tax credit of 5% for investments in Utah Opportunity Zone funds or businesses, stacking with the federal OZ capital gains deferral and exclusion benefits. Encourages long-term private investment in Utah's 46 designated Opportunity Zones.
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.Investment must be in a qualified Utah Opportunity Zone fund or business
2.Credit: 5% of qualifying investment
3.Held for at least 10 years to maximize federal OZ benefits
4.Stacks with federal OZ capital gains deferral/exclusion
5.Claim on Utah TC-40 form
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).
IRS · United States
The nation's largest affordable rental housing production program, providing dollar-for-dollar federal tax credits to developers who build or rehabilitate affordable rental housing and maintain income and rent restrictions for 30+ years.