EDTIF Tax Credit

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The EDTIF tax credit is a post-performance, refundable tax credit for up to 30% of new state revenues (sales, corporate and withholding taxes paid to the state) over the life of the project (typically 5-10 years).  It is available to companies seeking relocation and expansion of operations to the State of Utah.

Policy:

  • Maximum credit of up to 30% over the life of the project
  • No more than 50% credit in any one year
  • The life of the incentive is typically 5- 10 years
  • New jobs created must pay at least 125% above the county average wages within Urban communities and be within a specific target industry
  • For rural communities, at least 100% of county average must be paid
  • No retail distribution projects

Requirements:

  • Obtain commitment from local government to provide local incentives and establish an Economic Development Zone
  • Enter into an incentive agreement with the Governor's Office of Economic Development which specifies performance milestones.
  • Create new high-paying jobs in the state
           -at least 50 jobs in urban counties
           -at least 125% of urban county average wage or 100% of rural county wage
  • Generate new tax revenues.
  • Significant capital investment
  • Significant purchases from Utah vendors or suppliers

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Christopher M. Conabee

Christopher M. Conabee Managing Director
801-538-8850
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