Utah Code 63N-2-212. Business entities qualifying for tax incentives
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(1) Except as otherwise provided in Subsection (2), the tax incentives described in this part are available only to a business entity for which at least 51% of the employees employed at facilities of the business entity located in the enterprise zone are individuals who, at the time of employment, reside in:
Terms Used In Utah Code 63N-2-212
- Business entity: means an entity, sole proprietorship, or individual:(1)(a) including a claimant, estate, or trust; and(1)(b) under which or by whom business is conducted or transacted. See Utah Code 63N-2-202(1)(a) the county in which the enterprise zone is located; or(1)(b) an enterprise zone that is immediately adjacent and contiguous to the county in which the enterprise zone is located.
(2) Subsection (1) does not apply to a business entity that has no employees.