Section 811 – Reports of tax credits.
Effective 7/1/2021 63N-2-811. Reports of tax credits. (1) Before December 1 of each year, the office shall submit a report to the Governor’s Office of Planning and Budget, the Office of the Legislative Fiscal Analyst, and the Division of Finance identifying: (a) the total amount listed on tax credit certificates the office issues under this […]
Section 805 – Application process.
Effective 5/12/2015 63N-2-805. Application process. (1) A tax credit applicant may apply to the office to receive a tax credit certificate by filing an application with the office: (a) on or before the quarterly deadline established by the office by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act; and (b) […]
Section 806 – Criteria for tax credits.
Effective 5/10/2016 63N-2-806. Criteria for tax credits. (1) A tax credit applicant shall establish as part of the application required by Section 63N-2-805 that the tax credit applicant: (a) meets all of the criteria to receive the tax credit for which the tax credit applicant applies, except for the requirement to obtain a tax credit […]
Section 807 – Rulemaking authority.
Effective 5/12/2015 63N-2-807. Rulemaking authority. The office shall, by rule, made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, establish: (1) criteria to prioritize the issuance of tax credits amongst tax credit applicants in a manner consistent with this part; and (2) procedures for documenting the office’s application of the criteria described […]
Section 808 – Agreements between office and tax credit applicant and life science establishment — Tax credit certificate.
Effective 7/1/2021 63N-2-808. Agreements between office and tax credit applicant and life science establishment — Tax credit certificate. (1) (a) The office, with advice from the GO Utah board, may enter into an agreement to grant a tax credit certificate to a tax credit applicant selected in accordance with this part, if the tax credit […]
Section 809 – Issuance of tax credit certificates.
Effective 5/12/2015 63N-2-809. Issuance of tax credit certificates. (1) For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant: (a) for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an […]
Section 810 – Reports on tax credit certificates.
Effective 7/1/2022 63N-2-810. Reports on tax credit certificates. The office shall include the following information in the annual written report described in Section 63N-1a-306: (1) the total amount listed on tax credit certificates the office issues under this part; (2) the criteria that the office uses in prioritizing the issuance of tax credits amongst tax […]
Section 508 – Payment of incremental property tax revenue.
Effective 5/10/2016 63N-2-508. Payment of incremental property tax revenue. (1) As used in this section: (a) “Displaced tax increment” means the amount of tax increment that a county would have paid to the host agency, except for Subsection (2)(b), from tax increment revenue generated from the project area in which the hotel property is located. […]
Section 509 – Rulemaking authority — Requirements for rules.
Effective 7/1/2015 63N-2-509. Rulemaking authority — Requirements for rules. (1) The office shall, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, make rules to carry out its responsibilities under this part and to implement the provisions of this part. (2) The rules the office makes under Subsection (1) shall: (a) establish, consistent […]
Section 510 – Report by office — Posting of report.
Effective 7/1/2021 63N-2-510. Report by office — Posting of report. (1) The office shall include the following information in the office’s annual written report described in Section 63N-1a-306: (a) the state’s success in attracting new conventions and corresponding new state revenue; (b) the estimated amount of convention incentive commitments and the associated calculation made by […]