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March 4, 2019
Periodical News Brief

The Utah Governor’s Office of Economic Development amended and made effective Dec. 24, 2018, Utah Administrative Rules Sections R357-15-1 through R357-15-6 for the Utah Enterprise Zone Tax Credit. Changes include providing definitions for software, qualified-business-use vehicle, payment documentation and purchase documentation. In addition, required documentation to qualify for the private capital investment tax credit is expanded. Changes clarify that the administrator may deny a tax credit for the trade-in allowance of a vehicle, certain software purchases, applications older than three years and fixed assets purchased from another entity with the same ownership.