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Tax Break Tracker Individual Entry

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.

Effected JurisdictionUtah
Jurisdiction type: State
Fiscal year ending In2019
Program nameEconomic Development Tax Increment Financing (EDTIF)
Program purpose: General Economic Development (TIF)
Statutory authority: Section 63N-2-1 of the Utah Code
Abating jurisdiction(s): State of Utah
Applicable taxes(not specified)
Method of abatement: Tax Credit
Provisions for recapture: If a business entity should fail to meet its obligations or has received more EDTIF refundable Tax Credits than it is entitled to, the excess amount must be returned and any future claim for credit may be denied and/or the contract may be nullified.
Gross revenue loss: $9,117,000
Reimbursement / offset: $0
Net revenue loss: $9,117,000
Type of loss: Active
Additional notes on dislosure(none)