| Incentive/Active
|
true +
|
| Incentive/Amt
|
75% of new state tax revenues (including, state, corporate, sales and withholding taxes) over the life of the project or 20 years, whichever is less. +
|
| Incentive/ApplDsc
|
Commercial +
, Industrial +
|
| Incentive/Auth2Code
|
Utah Code 59-10-1029 +
|
| Incentive/Auth2Link
|
http://le.utah.gov/code/TITLE59/htm/59_10_102900.htm +
|
| Incentive/Auth3Code
|
UAC 362-1 +
|
| Incentive/Auth3Link
|
http://www.rules.utah.gov/publicat/code/r362/r362-001.htm +
|
| Incentive/Auth4Code
|
SB 242 +
|
| Incentive/Auth4DtEnact
|
2014-04-01 +
|
| Incentive/Auth4Link
|
http://le.utah.gov/~2014/bills/sbillenr/SB0242.pdf +
|
| Incentive/AuthCode
|
Utah Code 63M-4-501, et seq. +
|
| Incentive/AuthLink
|
http://le.utah.gov/~code/TITLE63M/htm/63M04_050100.htm +
|
| Incentive/ContAddr
|
60 East South Temple Street, Suite 300 +
|
| Incentive/ContAddr2
|
PO Box 144845 +
|
| Incentive/ContDept
|
Office of Energy Development +
|
| Incentive/ContEmail
|
dbeaudoin@utah.gov +
|
| Incentive/ContName
|
Denise Beaudoin Brems +
|
| Incentive/ContPhone
|
(801) 538-8718 +
|
| Incentive/ContPlace
|
Salt Lake City, Utah +
|
| Incentive/ContWebsite
|
http://www.energy.utah.gov/ +
|
| Incentive/ContZip
|
84114 +
|
| Incentive/EligSysSize
|
Minimum: 2 MW +
|
| Incentive/EnergyCat
|
Renewable Energy Incentive Programs +
|
| Incentive/ImplSector
|
State/Territory +
|
| Incentive/MaxInc
|
75% of new state tax revenues (including, state, corporate, sales and withholding taxes) over the life of the project or 20 years, whichever is less. +
|
| Incentive/Name
|
Alternative Energy Development Incentive (Personal) +
|
| Incentive/ProgAdmin
|
Utah Governor's Office of Economic Development +
|
| Incentive/StartDate
|
May 12, 2009 +
|
| Incentive/StartDateString
|
2009-05-12 +
|
| Incentive/Summary
|
The Alternative Energy Development Incenti … The Alternative Energy Development Incentive (AEDI) is a post-performance non-refundable tax credit for 75% of new state tax revenues (including, state, corporate, sales and withholding taxes) over the life of the project, or 20 years, whichever is less. The actual amount and duration of an incentive is determined by the Office of Energy Development (OED) on a case-by-case basis.
Eligible projects include the construction of electricity generation facilities of 2 megawatts or greater that utilize hydroelectric, solar, biomass, geothermal, wind, or waste heat from an industrial facility or a power station in which an electric generator is driven through a process in which water is heated, turns into steam, and spins a steam turbine. It also includes energy derived from the following non-renewable energy sources: nuclear fuel, oil-impregnated diatomaceous earth, oil sands, oil shale, or petroleum coke. To qualify for an incentive, the project must generate new state revenue and new incremental jobs, and it must involve significant capital investment, or the creation of high paying jobs.
To receive a tax credit, projects owners must first apply to the OED for a tax credit certificate and provide all the documents specified in Utah Code 63M-4-504. If the OED approves the application and issues a tax credit certificate, it will issue a duplicate copy to the state Tax Commission. To maintain eligibility for the tax credit, the project owners must:
* Annually file a report with the OED showing the new state revenues generated by the alternative energy project during the taxable year for which they are seeking to receive a tax credit
* Annually file a report with the OED prepared by an independent certified public accountant verifying the new state revenue
* Provide the OED with any information required by the OED to certify the economic life of the alternative energy project, which may include a power purchase agreement, a lease, or a permit; and
* Retain records supporting a claim for a tax credit for at least four years m for a tax credit for at least four years +
|
| Incentive/TechDsc
|
Solar Thermal Electric +
, Photovoltaics +
, Landfill Gas +
, Wind +
, Biomass +
, Hydroelectric energy +
, Geothermal Electric +
, CHP/Cogeneration +
, Small Hydroelectric +
|
| Incentive/Type
|
Personal Tax Credit +
|
| OpenEI/PageDescription
|
Alternative Energy Development Incentive (Personal): energy incentive program. +
|
| OpenEI/PageKeyword
|
Energy Incentives +
, Utah +
, Personal Tax Credit +
, Utah Governor's Office of Economic Development +
|
| Place
|
Utah: Energy Resources +
|
| Website
|
http://goed.utah.gov/relocate/incentives/energy/ +
|
| Categories |
Financial Incentive Programs
, Pages with reference errors
, Incentive with Contacts
, Incentive with Authorities
|
Modification date"Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki. |
17:51:44, 12 February 2015 +
|