Economic Development Tax Increment Financing (EDTIF)
Administers Economic Development Tax Increment Financing for Utah companies creating sustained high-wage jobs in targeted industries.
Utah's Economic Development Tax Increment Financing (EDTIF) program is a post-performance, refundable corporate tax credit negotiated by the Governor's Office of Economic Opportunity (GOEO) and certified annually by the Utah State Tax Commission (STC). Created by the Utah Legislature in 2005, EDTIF is the state's primary recruitment and retention incentive for large employers in targeted industrieβ¦
Delivers a post-performance refundable tax credit worth up to 30% of new state revenues for large employers creating at least 50 high-wage jobs in targeted Utah industries, negotiated by GOEO and certified annually by the Utah State Tax Commission.
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