Purpose.

Utah Code § 63N-2-102, under Part 63N-2-1: Economic Development Tax Increment Financing.

Utah Code § 63N-2-102

63N-2-102. Purpose.

This part is enacted to:

(1) foster and develop targeted industries in the state, to stimulate community-focused economic growth, and to diversify and catalyze the state's economy;

(2) create high paying employment opportunities in the state;

(3) provide tax credits to attract new commercial projects and new jobs in economic development zones in the state; and

(4) provide a cooperative and unified working relationship between state and local economic development efforts.