Section 702 – Refiner gasoline standard reporting — Office of Energy Development certification of sales and use tax exemption eligibility.
Effective 7/1/2021 79-6-702. Refiner gasoline standard reporting — Office of Energy Development certification of sales and use tax exemption eligibility. (1) (a) A refiner that seeks to be eligible for a sales and use tax exemption under Subsection 59-12-104(86) on or after July 1, 2021, shall annually report to the office whether the refiner’s facility […]
Section 902 – Utah Energy Infrastructure Board.
Effective 5/4/2022 79-6-902. Utah Energy Infrastructure Board. (1) There is created within the office the Utah Energy Infrastructure Board that consists of nine members as follows: (a) members appointed by the governor: (i) the energy advisor or the director of the Office of Energy Development, who shall serve as chair of the board; (ii) one […]
Section 903 – Powers and duties of the board — Oversight — Staff support.
Effective 5/4/2022 79-6-903. Powers and duties of the board — Oversight — Staff support. (1) Subject to the provisions of this part and in accordance with Title 79, Chapter 6, Part 6, High Cost Infrastructure Development Tax Credit Act, the board shall: (a) evaluate each application using the criteria described in Subsections 79-6-603(1) and (2); […]
Section 604 – Tax credit — Application procedure.
Effective 5/4/2022 79-6-604. Tax credit — Application procedure. (1) An applicant shall provide the office with: (a) an application for a tax credit certificate; (b) documentation that the applicant meets the requirements described in Subsection 79-6-603(1), to the satisfaction of the office, for the taxable year for which the applicant seeks to claim a tax […]
Section 605 – Report to the Legislature.
Effective 7/1/2022 79-6-605. Report to the Legislature. The office shall report annually to the Public Utilities, Energy, and Technology Interim Committee describing: (1) the office’s success in attracting high cost infrastructure projects to the state and the resulting increase in infrastructure-related revenue under this part; (2) the amount of tax credits the office has granted […]
Section 606 – Administrative rules.
Effective 7/1/2021 79-6-606. Administrative rules. The office may establish, by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, requirements and procedures for the implementation of this part. Renumbered and Amended by Chapter 280, 2021 General Session
Section 503 – Tax credits.
Effective 7/1/2021 79-6-503. Tax credits. (1) (a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules establishing standards an alternative energy entity shall meet to qualify for a tax credit. (b) Before the office enters into an agreement described in Subsection (2) with an alternative energy entity, the […]
Section 504 – Qualifications for tax credit — Procedure.
Effective 7/1/2021 79-6-504. Qualifications for tax credit — Procedure. (1) The office shall certify an alternative energy entity’s eligibility for a tax credit as provided in this section. (2) A tax credit applicant shall provide the office with: (a) an application for a tax credit certificate; (b) documentation that the tax credit applicant meets the […]
Section 505 – Report to the Legislature.
Effective 7/1/2022 79-6-505. Report to the Legislature. The office shall annually provide an electronic report to the Public Utilities, Energy, and Technology Interim Committee describing: (1) the office’s success in attracting alternative energy projects to the state and the resulting increase in new state revenues under this part; (2) the amount of tax credits the […]
Section 603 – Tax credit — Amount — Eligibility — Reporting.
Effective 5/4/2022 79-6-603. Tax credit — Amount — Eligibility — Reporting. (1) Before the office enters into an agreement described in Subsection (3) with an applicant regarding a project, the office, in consultation with the Utah Energy Infrastructure Board created in Section 79-6-902, and other state agencies as necessary, shall, in accordance with the procedures […]