63N-2-212. Business entities qualifying for tax incentives.
117 words·~1 min read·
/ut/title-63n/chapter-2/63n-2-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/12/2015
63N-2-212. Business entities qualifying for tax incentives.
(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:
(a)the county in which the enterprise zone is located; or
(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.
Renumbered and Amended by Chapter 283 , 2015 General Session