51-9-302. Definitions. As used in this part: (1) “Infrastructure and Economic Diversification Investment Account” means the Infrastructure and Economic Diversification Investment Account created in Section 51-9-303. (2) “Permanent state trust fund” means the permanent state trust fund created under Utah Constitution Article XXII, Section 4. Amended by Chapter 219, 2010 General Session
Effective 5/10/2016 51-9-303. Creation of Infrastructure and Economic Diversification Investment Account. (1) (a) There is created a restricted account within the General Fund known as the “Infrastructure and Economic Diversification Investment Account.” (b) The Infrastructure and Economic Diversification Investment Account shall consist of: (i) all money credited to the account under Section 51-9-305; (ii) appropriations […]
Effective 5/13/2014 51-9-305. Deposit and credit of certain severance tax revenue. (1) As used in this section, “aggregate annual revenue” means the aggregate annual revenue collected in a fiscal year from the taxes imposed under Title 59, Chapter 5, Severance Tax on Oil, Gas, and Mining, after subtracting the amounts required to be distributed under […]
Effective 5/5/2021 51-9-306. Deposit of certain severance tax revenue for specified state agencies. (1) As used in this section: (a) “Aggregate annual revenue” means the aggregate annual revenue collected in a fiscal year from the taxes imposed under Title 59, Chapter 5, Severance Tax on Oil, Gas, and Mining, after subtracting the amounts required to […]
Effective 5/5/2021 51-9-307. New Severance Tax Revenue Special Revenue Fund. (1) As used in this section: (a) “Fund” means the New Severance Tax Revenue Special Revenue Fund created in this section. (b) “New revenue” means revenue collected above $100,000,000 from the taxes imposed under Title 59, Chapter 5, Severance Tax on Oil, Gas, and Mining, […]
