63N-2-203.  Powers of the office.
     The office shall:

(1)  monitor the implementation and operation of this part and conduct a continuing evaluation of the progress made in the enterprise zones;

Terms Used In Utah Code 63N-2-203

  • Business entity: means an entity, sole proprietorship, or individual:
(a) including a claimant, estate, or trust; and
(b) under which or by whom business is conducted or transacted. See Utah Code 63N-2-202
  • Commission: means the Unified Economic Opportunity Commission created in Section 63N-1a-201. See Utah Code 63N-1a-102
  • County applicant: means the governing authority of a county that meets the requirements for designation as an enterprise zone under Section 63N-2-204. See Utah Code 63N-2-202
  • Full-time employee: means an employment position that is filled by an employee who works at least 30 hours per week and:
    (a) may include an employment position filled by more than one employee, if each employee who works less than 30 hours per week is provided benefits comparable to a full-time employee; and
    (b) may not include an employment position that is shifted from one jurisdiction in the state to another jurisdiction in the state. See Utah Code 63N-1a-102
  • Municipal applicant: means the governing authority of a city or town that meets the requirements for designation as an enterprise zone under Section 63N-2-204. See Utah Code 63N-2-202
  • Property: includes both real and personal property. See Utah Code 68-3-12.5
  • 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
  • (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.

    Amended by Chapter 282, 2021 General Session