Ongoing program · Tax credit or incentive
Utah Enterprise Zone Tax Credits (rural)
Utah Governor's Office of Economic Opportunity, State of Utah
Key facts
Copied word-for-word from the official Utah state agency page. Last verified October 28, 2026.
- Program name
- Utah Enterprise Zone Tax Credits (rural)
- Issuing agency
- Utah Governor's Office of Economic Opportunity (State of Utah)
- Funding type
- Tax credit or incentive
- Funding purpose
- Business and Commerce, Community Development
- Status
- Ongoing program
- Application deadline
- Ongoing program · no application deadline published
- Published credit or incentive amount
- Not stated on the official Utah state agency page
- Eligible applicants (our reading of the official page)
- For profit organizations other than small businesses
- Small businesses
- Relevant to
- BusinessesHow we determined this: Derived from the eligibility statement on the official page (business, small business, farm ranch).
- Geographic restrictions
- This is a Utah state program. Check the official page for location requirements.
- Official source
- View the official program page ↗
- How to apply (from the official page)
- Apply Online for the Enterprise Zone Tax Credits
- Source
- business.utah.gov/rural/enterprise-zone-tax-credits/
- Last verified
- October 28, 2026 (against the official Utah state agency page)
- Record confidence
- highCurated from the official agency page; reviewed by an editor.
Eligibility details (from the agency)
Enterprise Zone Tax Credits may be claimed on Utah state income tax forms by eligible businesses locating or expanding in enterprise zones.
Description (from the official program page)
Incremental Tax Credits for New Jobs Paying Above County Average Wage A maximum of 30 full-time positions per tax year A $750 tax credit for each new full-time position was created above the subsequent taxable year's highest number of full-time positions An additional $500 tax credit if the new position pays at least 125% of the county average monthly nonagricultural payroll wage for the respective industry (determined by the Utah Dept. of Employment Security). If this information is not available for the respective industry, the position must pay at least 125% of the total average monthly wage in the county An additional $750 tax credit if the new position is in a business entity that adds value to agricultural commodities through manufacturing or processing An additional tax credit of $200 may be claimed for each new full-time employee position created within the enterprise zone that is filled by an employee who is insured under an employer-sponsored health insurance program if the employer pays at least 50% of the premium cost for the year for which the credit is claimed Capital Investment Tax Credit A tax credit of 25% of the first $200,000 spent on rehabilitating a building that has been vacant for at least two years, including that the building has had or contained no occupants, tenants, furniture, or personal property for at least two years, in the period immediately before the rehabilitation, and which is located within an enterprise zone An annual investment tax credit may be claimed in an amount equal to 5% of the first $750,000 qualifying investment in plant,…
Read the full description
Incremental Tax Credits for New Jobs Paying Above County Average Wage A maximum of 30 full-time positions per tax year A $750 tax credit for each new full-time position was created above the subsequent taxable year's highest number of full-time positions An additional $500 tax credit if the new position pays at least 125% of the county average monthly nonagricultural payroll wage for the respective industry (determined by the Utah Dept. of Employment Security). If this information is not available for the respective industry, the position must pay at least 125% of the total average monthly wage in the county An additional $750 tax credit if the new position is in a business entity that adds value to agricultural commodities through manufacturing or processing An additional tax credit of $200 may be claimed for each new full-time employee position created within the enterprise zone that is filled by an employee who is insured under an employer-sponsored health insurance program if the employer pays at least 50% of the premium cost for the year for which the credit is claimed Capital Investment Tax Credit A tax credit of 25% of the first $200,000 spent on rehabilitating a building that has been vacant for at least two years, including that the building has had or contained no occupants, tenants, furniture, or personal property for at least two years, in the period immediately before the rehabilitation, and which is located within an enterprise zone An annual investment tax credit may be claimed in an amount equal to 5% of the first $750,000 qualifying investment in plant, equipment, or other depreciable property