Utah Administrative Code
Topic - Governor
Title R357 - Economic Opportunity
Rule R357-3 - Economic Development Tax Increment Financing Rule
Section R357-3-102 - Definitions
Current through Bulletin 2024-06, March 15, 2024
In addition to the definitions in Sections 63N-1a-102 and 63N-2-103 the following terms are defined:
(1) "Apportionment" means a reduction in new state revenues in the period being assessed by the percentage of project employee wages against total employee wages.
(2) "Corporate citizenry plan" includes:
(3) "High paying job" includes adjusted wage percentages in counties experiencing economic distress as outlined in Section R357-3-108.
(4) "Leisure and Hospitality Industry" means businesses, as determined by the office, that relate to service-providing industries consisting of:
(5) "New commercial project" does not include retail operations.
(6) "Retail operations" means a project with a physical location from which the general public may directly purchase merchandise or direct services and does not include distribution centers, the corporate functions associated with retailing, or other activities associated with retailing that may be accomplished from any physical location or that are not dependent on proximity to end consumers for retail sales.