IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Mar 2017 | Removal date: open ended
Still in force

Tax or social insurance relief

On March 22, 2017 the governor of Utah signed into law a bill (S.B.267) that creates tax credits for businesses. The bill (a) provided a state nonrefundable tax credit for investments in eligible small businesses primarily located in rural counties; (b) authorized the state to approve up to $24,360,000 in tax credits if $42,000,000 is invested in certain small businesses in the state; (c) provided the requirements for the Governor's Office of Economic Development to approve a rural investment company, whose investors may qualify for a tax credit; and (d) provided the requirements for receiving a tax credit certificate from the Governor's Office of Economic Development related to a contribution to a rural investment company.

AFFECTED COUNTRIES

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