Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State: | Utah |
| Effected Jurisdiction: | Utah |
Jurisdiction type: | State |
| Fiscal year ending In: | 2020 |
| Program name: | New Markets Tax Credit Program |
| Program purpose: | Community development |
| Statutory authority: | Section 63N-2-603 of the Utah Code |
| Abating jurisdiction(s): | State of Utah |
| Applicable taxes: | (not specified) |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | There are recapture provisions. |
| Gross revenue loss: | $5,500,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $5,500,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
