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Tax CreditUtahActiveVerified

Utah Economic Development Tax Increment Financing (EDTIF)

Governor's Office of Economic Opportunity (Go Utah)UT-EDTIFRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Post-performance tax credit of up to 30% of new state taxes generated by a qualifying project over 5–20 years. Available to companies creating at least 50 new high-paying jobs (or lower thresholds in rural counties) in targeted industries, with post-performance payout reducing risk to the state.

Key Requirements & Eligibility

  • 1Minimum 50 new FTE jobs at 110% of county average wage (lower in rural areas)
  • 2Targeted industries: tech, life sciences, financial services, advanced manufacturing
  • 3Credit: up to 30% of new state taxes (income, withholding, sales) over 5–20 years
  • 4Post-performance — company must create jobs BEFORE receiving credit
  • 5Apply through Go Utah prior to project announcement

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.

0 of 5 answered

1.Minimum 50 new FTE jobs at 110% of county average wage (lower in rural areas)

2.Targeted industries: tech, life sciences, financial services, advanced manufacturing

3.Credit: up to 30% of new state taxes (income, withholding, sales) over 5–20 years

4.Post-performance — company must create jobs BEFORE receiving credit

5.Apply through Go Utah prior to project announcement

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