Terms Used In Utah Code 63N-8-103

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Commission: means the Unified Economic Opportunity Commission created in Section 63N-1a-201. See Utah Code 63N-1a-102
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Digital media company: means a company engaged in the production of a digital media project. See Utah Code 63N-8-102
• Digital media project: means all or part of a production of interactive entertainment or animated production that is produced for distribution in commercial or educational markets, which shall include projects intended for Internet or wireless distribution. See Utah Code 63N-8-102
• Dollars left in the state: means expenditures made in the state for a state-approved production, including:
       (3)(a) an expenditure that is subject to:

            (3)(a)(i) a corporate franchise or income tax under Title 59, Chapter 7, Corporate Franchise and Income Taxes;

            (3)(a)(ii) an individual income tax under Title 59, Chapter 10, Individual Income Tax Act;

            (3)(a)(iii) a sales and use tax under Title 59, Chapter 12, Sales and Use Tax Act, notwithstanding any sales and use tax exemption allowed by law; or

            (3)(a)(iv) a combination of Subsections (3)(a)(i), (ii), and (iii);
       (3)(b) payments made to a nonresident only to the extent of the income tax paid to the state on the payments, the amount of per diems paid in the state, and other direct reimbursements transacted in the state; and
       (3)(c) payments made to a payroll company or loan-out corporation that is registered to do business in the state, only to the extent of the amount of withholding under Section 59-10-402. See Utah Code 63N-8-102
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
• Loan-out corporation: means a corporation owned by one or more artists that provides services of the artists to a third party production company. See Utah Code 63N-8-102
• Motion picture company: means a company engaged in the production of:
       (5)(a) motion pictures;
       (5)(b) television series; or
       (5)(c) made-for-television movies. See Utah Code 63N-8-102
• Motion picture incentive: means either a cash rebate from the Motion Picture Incentive Account or a refundable tax credit under Section Utah Code 63N-8-102
• New state revenue: means :
       (7)(a) incremental new state sales and use tax revenue generated as a result of a digital media project that a digital media company pays under Title 59, Chapter 12, Sales and Use Tax Act;
       (7)(b) incremental new state tax revenue that a digital media company pays as a result of a digital media project under:

            (7)(b)(i) Title 59, Chapter 7, Corporate Franchise and Income Taxes;

            (7)(b)(ii) Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information;

            (7)(b)(iii) Title 59, Chapter 10, Part 2, Trusts and Estates;

            (7)(b)(iv) Title 59, Chapter 10, Part 4, Withholding of Tax; or

            (7)(b)(v) a combination of Subsections (7)(b)(i), (ii), (iii), and (iv);
       (7)(c) incremental new state revenue generated as individual income taxes under Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information, paid by employees of the new digital media project as evidenced by payroll records from the digital media company; or
       (7)(d) a combination of Subsections (7)(a), (b), and (c). See Utah Code 63N-8-102
• Payroll company: means a business entity that handles the payroll and becomes the employer of record for the staff, cast, and crew of a motion picture production. See Utah Code 63N-8-102
• Refundable tax credit: means a refundable motion picture tax credit authorized under Section 63N-8-103 and claimed under Section Utah Code 63N-8-102
• Restricted account: means the Motion Picture Incentive Account created in Section 63N-8-103. See Utah Code 63N-8-102
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
• State revenue: means state tax liability paid by a business entity or a business entity's employees under any combination of the following provisions:
       (12)(a) Title 59, Chapter 7, Corporate Franchise and Income Taxes;
       (12)(b) Title 59, Chapter 10, Part 1, Determination and Reporting of Tax Liability and Information;
       (12)(c) Title 59, Chapter 10, Part 2, Trusts and Estates;
       (12)(d) Title 59, Chapter 10, Part 4, Withholding of Tax; and
       (12)(e) Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 63N-1a-102
• State-approved production: means a production under Subsections (2) and (5) that is:
       (12)(a) approved by the office and ratified by the Board of Tourism Development created in Section 63N-7-201; and
       (12)(b) produced in the state by a motion picture company. See Utah Code 63N-8-102
• Tax credit certificate: means a certificate issued by the office that:
       (14)(a) lists the name of the applicant;
       (14)(b) lists the applicant's taxpayer identification number;
       (14)(c) lists the amount of tax credit that the office awards the applicant for the taxable year; and
       (14)(d) may include other information as determined by the office. See Utah Code 63N-8-102