Criteria for tax credits.
Utah Code § 63N-2-806
in effect63N-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 certificate; and
(b) will provide a long-term economic benefit to the state.
(2) The office may not issue a tax credit certificate to a tax credit applicant if:
(a) the tax credit applicant fails to meet the requirements of Subsection (1)(a); and
(b) the life science establishment does not enter into an agreement described in Section 63N-2-808 with the office.
Amended by Chapter 354, 2016 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter2/63N-2-S806.html?v=C63N-2-S806_2016051020160510Fetched: 10/26/2026
