Utah HB0466 modifies the Utah Rural Jobs Act by authorizing additional tax credits for investments in eligible small businesses in rural counties.

Utah HB0466 modifies the Utah Rural Jobs Act by authorizing additional nonrefundable income and premiums tax credits related to investments in eligible small businesses located in rural counties. It repeals a title provision and makes technical and conforming changes. The bill defines "eligible small business" as a business with fewer than 150 employees, less than $10,000,000 in net income for the preceding taxable year, and principal business operations in the state.

Utah HB0466 modifies the Utah Rural Jobs Act by authorizing additional tax credits for investments in eligible small businesses in rural counties.

Utah HB0466 modifies the Utah Rural Jobs Act by authorizing additional nonrefundable income and premiums tax credits related to investments in eligible small businesses located in rural counties. It repeals a title provision and makes technical and conforming changes. The bill defines "eligible small business" as a business with fewer than 150 employees, less than $10,000,000 in net income for the preceding taxable year, and principal business operations in the state.