Fiscal Note - State of Utah - 2011 General Session

SB0234 - Economic Development Zone Tax Incentives Act

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill could result in foregone state revenue of up to $30,000,000 annually.

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents. Businesses engaged in semiconductor manufacturing which make significant capital investments could receive a tax credit of up to $30,000,000 for $100,000,000 in capital investment made. Actual impact will depend on tax liability as the credit is nonrefundable.