Visit the following web sites for more information:
The Utah Recycling Market Development Zone Program focuses on recycling as an economic development tool by helping businesses that collect, process, distribute or use recycled materials in their manufacturing operations or compost.
Note: You cannot claim or carry this nonrefundable credit forward into a year that you have claimed the refundable targeted business income credit or nonrefundable enterprise zone credit.
Eligible recycling businesses in designated Recycling Market Development Zones qualify for:
Qualifying businesses must be certified by the Governor's Office of Economic Development (GOED). To claim the credit, complete form TC-40R, Recycling Market Development Zone Tax Credit, with the GOED certification verifying the credit has been approved. Do not submit this form with your return. Keep it with your tax records. See Utah Code §59-10-1007 and §63M-1-1102 for more information.
Governor's Office of Economic Development
324 South State Street, Suite 500
Salt Lake City, UT 84111
(801) 538-8804
email: lprall@utah.gov
Qualified scrap recycling operations may also be eligible to make certain purchases exempt from sales tax. For more information, please see page 2 of TC-721, Exemption Certificate.
