The Governor's Office of Economic Development is looking for options for paying out tax-rebate commitments made under its Economic Development Tax Incentive Fund program. Through the relatively new program, the state can offer up to a 30 percent rebate of individual income and corporate taxes, payroll taxes and sales taxes created if a company puts operations in Utah. Procter & Gamble, among others, has received rebate approvals through EDTIF.
By Brice Wallace Deseret Morning News
Full Story: http://www.deseretnews.com/article/1,5143,695219907,00.html