No. 40638 (5-year Review): Rule R357-6. Technology and Life Science Economic Development and Related Tax Credits

DAR File No.: 40638
Filed: 08/02/2016 11:09:33 AM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 63N-2-807 requires the office to make rules establishing criteria to prioritize the issuance of tax credits among applicants and to establish procedures for documenting the office's application of the criteria.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

There have been no written comments regarding this rule since the rule has been created and effective.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

The rule should be continued because the program is still active and no comments have been made regarding the rule. Therefore, the agency feels the rule as written is sufficient to accomplish its statutory mandates in its current form and should be continued.

The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

Governor
Economic Development
60 E SOUTH TEMPLE 3RD FLR
SALT LAKE CITY, UT 84111

Direct questions regarding this rule to:

• Jeffrey Van Hulten at the above address, by phone at 801-538-8694, by FAX at 801-538-8888, or by Internet E-mail at [e-mail]

Effective:

08/02/2016

Authorized by:

Bill Colbert, Executive Director

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