Utah · Economic Development · UT-EDTIF-001
Economic Development Tax Increment Financing Credits
Publication revised September 24, 2026. Sourcebook page 259.
Credit amount / calculation
EDTIF can refund up to roughly 30% of new state revenues; rural REDTIF can reach higher negotiated percentages under current law.
Business fit and eligible activity
Substantial manufacturing expansions creating high-wage jobs can negotiate refundable post-performance credits; rural projects can receive higher percentages. Qualified investment or approved project activity; confirm eligible property, location and taxpayer type.
Eligibility and practical use
The practical fit depends less on the company label than on the underlying activity, expenditure, location, or employment change.
Illustrative business benefit
Assume the executed agreement awards 20% of $1 million in verified new state tax revenues. The post-performance credit is $200,000. Both the 20% award and the revenue base are assumptions for this example, not automatic entitlements. Page
Timing / first action
Seek approval before starting the overall project, including site work or construction. Contact the administering agency and secure the required approval before the project is publicly or contractually committed.
Official sources
- business.utah.gov — Business Recruitment & Expansion (business.utah.gov)
Related programs
Recycling Market Development Zone Tax Credit
Machinery credit
Potentially useful to a wood-residual business operating in a designated zone and making products from qualifying recycled/post-consumer material.
Research Activities Tax Credit
Current statute includes
Qualified Utah research can produce multiple nonrefundable credit components.
Clean Electricity Investment Credit (Internal Revenue Code §48E)
Generally
Potentially relevant when a forest-products facility owns qualifying zero-emission generation or energy-storage property.
Clean Electricity Production Credit (Internal Revenue Code §45Y)
Production-based
Alternative to the investment credit for owners/operators of qualifying clean-electricity facilities; potentially relevant to qualifying on-site generation.
Credit for Increasing Research Activities (Internal Revenue Code §41)
Regular research-credit method
A sawmill, secondary manufacturer or biomass business can qualify when it performs genuine technological experimentation to improve a product or process.