{"data":{"id":"us-ut/utah-code-63n-2-202","jurisdiction":"us-ut","citation":"Utah Code § 63N-2-202","heading":"Definitions.","body":"As used in this part:\n(1) \"Business entity\" means an entity, sole proprietorship, or individual:\n(a) including a claimant, estate, or trust; and\n(b) under which or by whom business is conducted or transacted.\n(2) \"Claimant\" means a resident or nonresident person that has:\n(a) Utah taxable income as defined in Section 59-7-101; or\n(b) state taxable income under Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information.\n(3) \"County applicant\" means the governing authority of a county that meets the requirements for designation as an enterprise zone under Section 63N-2-204.\n(4) \"Estate\" means a nonresident estate or a resident estate that has state taxable income under Title 59, Chapter 10, Part 2, Trusts and Estates.\n(5) \"Municipal applicant\" means the governing authority of a city or town that meets the requirements for designation as an enterprise zone under Section 63N-2-204.\n(6) \"Nonrefundable tax credit\" or \"tax credit\" means a tax credit that a business entity may:\n(a) claim:\n(i) as provided by statute; and\n(ii) in an amount that does not exceed the business entity's tax liability for a taxable year under:\n(A) Title 59, Chapter 7, Corporate Franchise and Income Taxes; or\n(B) Title 59, Chapter 10, Individual Income Tax Act; and\n(b) carry forward or carry back:\n(i) if allowed by statute; and\n(ii) to the extent that the amount of the tax credit exceeds the business entity's tax liability for a taxable year under:\n(A) Title 59, Chapter 7, Corporate Franchise and Income Taxes; or\n(B) Title 59, Chapter 10, Individual Income Tax Act.\n(7) \"Tax incentives\" or \"tax benefits\" means the nonrefundable tax credits described in Section 63N-2-213.\n(8) \"Trust\" means a nonresident trust or a resident trust that has state taxable income under Title 59, Chapter 10, Part 2, Trusts and Estates.","path":["Title 63N Economic Opportunity Act","Chapter 63N-2 Tax Credit Incentives for Economic Development","Part 63N-2-2 Enterprise Zone Act"],"source_url":"https://le.utah.gov/xcode/Title63N/Chapter2/63N-2-S202.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"60203736de58c447e234ce43719d4290c1221c50fa96dd7b28b82218710d7f6e","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-63n-2-201","next":"us-ut/utah-code-63n-2-203"},"notice":"GroundRules: Original legal text. Not legal advice."}