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UT
Economic Development Tax Increment Financing
Utah EDTIF provides post-performance tax credits to companies that create high-paying jobs and new state revenue.
About this program
Economic Development Tax Increment Financing is a post-performance refundable tax credit for businesses that expand or relocate in Utah and create new high-paying jobs. The incentive is based on a portion of new state tax revenue generated by the project and requires approval by the Utah Governor's Office of Economic Opportunity. Companies must meet job creation, wage, capital investment, and economic impact requirements before receiving credits.
Eligibility
Businesses expanding or relocating in Utah that create high-paying jobs and generate new state tax revenue.
Requirements
- Company must create new qualifying jobs in Utah.
- Jobs must meet required wage thresholds.
- Project must generate new state tax revenue.