Utah § 59-7-621 - Nonrefundable rural job creation tax credit.

Full text of Utah Utah Code § 59-7-621 — Nonrefundable rural job creation tax credit., with citation guidance and answers to common questions.

§ 59-7-621. Nonrefundable rural job creation tax credit.

Effective 5/6/2026
59-7-621.  Nonrefundable rural job creation tax credit.
(1)As used in this section, "office" means the Governor's Office of Economic Development created in Section 63N-1a-301.
(2)Subject to the other provisions of this section, a taxpayer may claim a nonrefundable tax credit for rural job creation as provided in this section.
(3)The tax credit under this section is the amount listed as the tax credit amount on a tax credit certificate that the office issues under Title 63N, Chapter 4, Part 3, Utah Rural Jobs Act, to the taxpayer for the taxable year.
(4)If the amount of a tax credit under this section exceeds the taxpayer's tax liability under this chapter for the taxable year in which the taxpayer claims the tax credit, the taxpayer may carry forward the tax credit for:
(a)the next seven taxable years, if the credit-eligible contribution as defined in Section 63N-4-302 is made before November 1, 2022; or
(b)the next four taxable years, if the credit-eligible contribution as defined in Section 63N-4-302 is made on or after November 1, 2022.


Amended by Chapter 343, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 59-7-621

What does Utah Code § 59-7-621 cover?

Section 59-7-621 ("Nonrefundable rural job creation tax credit.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 59-7-621?

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Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

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