{"data":{"id":"us-ut/utah-code-63n-2-809","jurisdiction":"us-ut","citation":"Utah Code § 63N-2-809","heading":"Issuance of tax credit certificates.","body":"(1) For a tax credit applicant that seeks to claim a tax credit, the office may issue a tax credit certificate to the tax credit applicant:\n(a) for the first taxable year for which the tax credit applicant qualifies for the tax credit and enters into an agreement with the office;\n(b) for two taxable years immediately following the taxable year described in Subsection (1)(a); and\n(c) for the seven taxable years immediately following the last of the two taxable years described in Subsection (1)(b) if:\n(i) the agreement with the office described in Section 63N-2-808 includes a provision that the tax credit applicant will make new capital expenditures of at least $1,000,000,000 in the state; and\n(ii) the tax credit applicant makes new capital expenditures of at least $1,000,000,000 in the state in accordance with the agreement with the office described in Section 63N-2-808.\n(2) The office shall provide a duplicate copy of each tax credit certificate to the State Tax Commission.","path":["Title 63N Economic Opportunity Act","Chapter 63N-2 Tax Credit Incentives for Economic Development","Part 63N-2-8 Technology and Life Science Economic Development Act"],"source_url":"https://le.utah.gov/xcode/Title63N/Chapter2/63N-2-S809.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"734e3b3e80b7fde8b4e5cf0c19b5cb4284f3e9529df4130073ce690be7086dd7","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-63n-2-808","next":"us-ut/utah-code-63n-2-810"},"notice":"GroundRules: Original legal text. Not legal advice."}