Utah Code § 59-10-137 — Review of credits allowed under this chapter

(1) As used in this section, "committee" means the Revenue and Taxation Interim Committee.
(2)
(a) Except as provided in Subsection (3), the committee shall review each tax credit described in this chapter once every five years to determine whether to continue, modify, or repeal the tax credit.
(b) In conducting the review required under Subsection (2)(a), the committee shall:
(i) schedule time on a committee agenda to conduct the review as needed;
(ii) invite state agencies, individuals, and organizations concerned with a tax credit under review to provide oral or written testimony;
(iii)
(A) invite the Governor's Office of Economic Development to present a summary and analysis of the information for each tax credit regarding which the Governor's Office of Economic Development is required to make a report under this chapter; and
(B) invite the Office of the Legislative Fiscal Analyst to present a summary and analysis of the information for each tax credit regarding which the Office of the Legislative Fiscal Analyst is required to make a report under this chapter;
(iv) evaluate:
(A) the cost of the tax credit to the state;
(B) the purpose and effectiveness of the tax credit; and
(C) the extent to which the state benefits from the tax credit; and
(v) undertake other review efforts as determined by the committee chairs or as otherwise required by law.
(3) The review requirements of this section do not apply to the tax credit described in Section 59-10-1003.