Terms Used In Utah Code > Title 63N > Chapter 2 > Part 3 - Targeted Business Income Tax Credit in an Enterprise Zone

• Business applicant: means a business that:

  (a)	is a claimant, estate, or trust; and

  (b)

  meets the criteria established in Section 63N-2-304. See Utah Code 63N-2-302 claimant: means a resident person or a nonresident person. See Utah Code 63N-2-302 Commission: means the Unified Economic Opportunity Commission created in Section 63N-1a-201. See Utah Code 63N-1a-102 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. 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 Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006. Person: means :Utah Code 68-3-12.5 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: (i)  Title 59, Chapter 7, Corporate Franchise and Income Taxes; or (ii)  Title 59, Chapter 10, Individual Income Tax Act. See Utah Code 63N-2-302 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 Statute: A law passed by a legislature. Targeted business income tax credit: means a refundable tax credit available under this part. See Utah Code 63N-2-302 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. See Utah Code 63N-2-302 Trust: means a resident trust or a nonresident trust. See Utah Code 63N-2-302