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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 In2022
Program nameEconomic Development Tax Increment Financing (EDTIF)
Program purpose: Job Creation/Retention
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: (not specified)
Gross revenue loss: $24,062,000
Reimbursement / offset: $0
Net revenue loss: $24,062,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://treasurer.utah.gov/wp-content/uploads/FY22-State-of-Utah-ACFR-re...