(1) "Authority" means: (a) the Utah Inland Port Authority, created in Section 11-58-201; or (b) the Military Installation Development Authority, created in Section 63H-1-201.

(a) the Utah Inland Port Authority, created in Section 11-58-201; or

(b) the Military Installation Development Authority, created in Section 63H-1-201.

(2) "Authority project area" means a project area of: (a) the Utah Inland Port Authority, created in Section 11-58-201; or (b) the Military Installation Development Authority, created in Section 63H-1-201.

(a) the Utah Inland Port Authority, created in Section 11-58-201; or

(b) the Military Installation Development Authority, created in Section 63H-1-201.

(3) "Business entity" means a person that enters into an agreement with the office to initiate a new commercial project in Utah that will qualify the person to receive a tax credit under Section 59-7-614.2 or 59-10-1107.

(4) "Community reinvestment agency" has the same meaning as that term is defined in Section 17C-1-102.

(5) "Development zone" means an economic development zone created under Section 63N-2-104.

(6) "Local government entity" means a county, city, town, or authority that enters into an agreement with the office to have a new commercial project that: (a) is initiated within: (i) the boundary of the county, city, or town; or (ii) an authority project area; and (b) qualifies the county, city, town, or authority to receive a tax credit under Section 59-7-614.2.

(a) is initiated within: (i) the boundary of the county, city, or town; or (ii) an authority project area; and

(i) the boundary of the county, city, or town; or

(ii) an authority project area; and

(b) qualifies the county, city, town, or authority to receive a tax credit under Section 59-7-614.2.

(7) (a) "New commercial project" means an economic development opportunity that involves new or expanded industrial, manufacturing, distribution, or business services in Utah. (b) "New commercial project" does not include retail business.

(a) "New commercial project" means an economic development opportunity that involves new or expanded industrial, manufacturing, distribution, or business services in Utah.

(b) "New commercial project" does not include retail business.

(8) "Significant capital investment" means an amount of at least $10,000,000 to purchase capital or fixed assets, which may include real property, personal property, and other fixtures related to a new commercial project: (a) that represents an expansion of existing operations in the state; or (b) that maintains or increases the business entity's existing work force in the state.

(a) that represents an expansion of existing operations in the state; or

(b) that maintains or increases the business entity's existing work force in the state.

(9) "Tax credit" means an economic development tax credit created by Section 59-7-614.2 or 59-10-1107.

(10) "Tax credit amount" means the amount the office lists as a tax credit on a tax credit certificate for a taxable year.

(11) "Tax credit certificate" means a certificate issued by the office that: (a) lists the name of the business entity, local government entity, or community development and renewal agency to which the office authorizes a tax credit; (b) lists the business entity's, local government entity's, or community development and renewal agency's taxpayer identification number; (c) lists the amount of tax credit that the office authorizes the business entity, local government entity, or community development and renewal agency for the taxable year; and (d) may include other information as determined by the office."

(a) lists the name of the business entity, local government entity, or community development and renewal agency to which the office authorizes a tax credit;

(b) lists the business entity's, local government entity's, or community development and renewal agency's taxpayer identification number;

(c) lists the amount of tax credit that the office authorizes the business entity, local government entity, or community development and renewal agency for the taxable year; and

(d) may include other information as determined by the office."