63N-2-102. Purpose.
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/ut/title-63n/chapter-2/63n-2-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/4/2022
63N-2-102. Purpose.
This part is enacted to:
(1)foster and develop targeted industries in the state, to stimulate community-focused economic growth, and to diversify and catalyze the state's economy;
(2)create high paying employment opportunities in the state;
(3)provide tax credits to attract new commercial projects and new jobs in economic development zones in the state; and
(4)provide a cooperative and unified working relationship between state and local economic development efforts.
Amended by Chapter 200 , 2022 General Session