63N-2-104.1. Eligibility for tax credit -- Economic impact study.
(1) The office shall certify a business entity's eligibility for a tax credit as provided in this section.
(2) A business entity is eligible to receive a tax credit for a new commercial project if: the new commercial project: is located and provides direct investment within the geographic boundaries of a development zone; or creates a remote work opportunity; includes the creation of high paying jobs in the state, significant capital investment in the state, or significant purchases from vendors, contractors, or service providers in the state, or a combination of these three economic factors; and generates new state revenues; and the business entity has not claimed a High Cost Infrastructure Development Tax Credit under Sectionfor the same new commercial project, if the new commercial project is located within a county of the first or second class. 79-6-603
(3) The office shall conduct a study of the economic impacts associated with a new commercial project to determine whether a business entity meets the requirements of Subsection. (2)
(4) In determining whether a new commercial project meets the requirements of Subsection, the office may attribute an incremental job or a high paying job to a new commercial project regardless of whether the job is performed in person, within a development zone, or remotely from elsewhere in the state. (2)(a)(ii)