Powers of the office.
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Law
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Utah Code
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Economic Opportunity Act
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Tax Credit Incentives for Economic Development
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Enterprise Zone Act
- Powers of the office.
Affected by 63I-1-263 on 7/1/2028
Effective 7/1/202163N-2-203. Powers of the office. - (1) monitor the implementation and operation of this part and conduct a continuing evaluation of the progress made in the enterprise zones;
- (2) evaluate an application for designation as an enterprise zone from a county applicant or a municipal applicant and determine if the applicant qualifies for that designation;
- (3) provide technical assistance to county applicants and municipal applicants in developing applications for designation as enterprise zones;
- (4) assist county applicants and municipal applicants designated as enterprise zones in obtaining assistance from the federal government and agencies of the state;
- (5) assist a qualified business entity in obtaining the benefits of an incentive or inducement program authorized by this part; and
- (6) as part of the annual written report described in Section 63N-1a-306, prepare an annual evaluation that provides:
- (a) based on data from the State Tax Commission, the total amount of tax credits claimed under this part;
- (b) the total amount awarded in tax credits for each development zone;
- (c) the number of new full-time employee positions reported to obtain tax credits in each development zone;
- (d) the amount of tax credits awarded for rehabilitating a building in each development zone;
- (e) the amount of tax credits awarded for investing in a plant, equipment, or other depreciable property in each development zone; and
- (f) recommendations regarding the effectiveness of the program and any suggestions for legislation.
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