Tariff Payment Tax Credit

Summary

The bill would let qualifying Utah businesses claim a credit equal to the amount of tariffs they paid and did not shift to consumers. To receive the credit, businesses must get a written certification from the Governor's Office of Economic Opportunity, which would also report recipients to the State Tax Commission. The measure failed to pass, so the credit was never enacted.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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