claimant: means a resident person or a nonresident person. See Utah Code 63N-2-302
Enterprise zone: means an area within a county or municipality that has been designated as an enterprise zone by the office under 2. See Utah Code 63N-2-302
Estate: means a resident estate or a nonresident estate. See Utah Code 63N-2-302
Refundable tax credit: means a tax credit that a claimant, estate, or trust may claim:
(a)
as provided by statute; and
(b)
regardless of whether, for the taxable year for which the claimant, estate, or trust claims the tax credit, the claimant, estate, or trust has a tax liability under:
Targeted business income tax credit: means a refundable tax credit available under this part. See Utah Code 63N-2-302
Trust: means a resident trust or a nonresident trust. See Utah Code 63N-2-302
(a)
is a claimant, estate, or trust; and
(b)
meets the criteria established in Section 63N-2-304.
(2)
(a)
Except as provided in Subsection (2)(b), “claimant” means a resident person or a nonresident person.
(b)
“Claimant” does not include an estate or trust.
(3)
“Community investment project” means a project that includes one or more of the following criteria in addition to the normal operations of the business applicant:
(a)
significant new employment; or
(b)
significant new capital development.
(4)
“Enterprise zone” means an area within a county or municipality that has been designated as an enterprise zone by the office under 2.
(5)
“Estate” means a resident estate or a nonresident estate.
(6)
“Refundable tax credit” means a tax credit that a claimant, estate, or trust may claim:
(a)
as provided by statute; and
(b)
regardless of whether, for the taxable year for which the claimant, estate, or trust claims the tax credit, the claimant, estate, or trust has a tax liability under:
“Targeted business income tax credit” means a refundable tax credit available under this part.
(8)
“Targeted business income tax credit eligibility certificate” means a document provided by the office to a business applicant before the applicant may claim a targeted business income tax credit under this part.
(9)
“Trust” means a resident trust or a nonresident trust.