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 to get an instant 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
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