Terms Used In Utah Code > Title 63N > Chapter 1a > Part 1 - General Provisions

• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• Baseline state revenue: means the amount of state tax revenue collected from a business entity or the employees of a business entity during the year before the date on which a project related to the business entity is approved by the office or by the GO Utah board. See Utah Code 63N-1a-102
• Commission: means the Unified Economic Opportunity Commission created in Section 63N-1a-201. See Utah Code 63N-1a-102
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Executive director: means the executive director of the office. See Utah Code 63N-1a-102
• 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 GO Utah board: means the Board of Economic Opportunity created in Section 63N-1a-401. See Utah Code 63N-1a-102 Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases. 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 State revenue: means state tax liability paid by a business entity or a business entity's employees under any combination of the following provisions: (a)  Title 59, Chapter 7, Corporate Franchise and Income Taxes; (b)  1; (c)  2; (d)  4; and (e)  Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 63N-1a-102 Targeted industry: means an industry or group of industries targeted by the commission under Section 63N-1a-202, for economic development in the state. See Utah Code 63N-1a-102