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:
Terms Used In Utah Code 63N-2-212
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
(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
