summary
Introduced
02/04/2025
02/04/2025
In Committee
02/24/2025
02/24/2025
Crossed Over
02/19/2025
02/19/2025
Passed
03/12/2025
03/12/2025
Dead
Signed/Enacted/Adopted
03/24/2025
03/24/2025
Introduced Session
2025 General Session
Bill Summary
General Description: This bill modifies provisions related to the licensing and taxation of radioactive waste.
AI Summary
This bill modifies Utah's laws regarding radioactive waste licensing, taxation, and facility management. The bill introduces several key changes, including expanding definitions related to radioactive waste facilities, creating a new tax structure for radioactive waste disposal, and establishing a new expansion tax for radioactive waste facilities. Specifically, the bill defines new terms like "hazardous waste corridor" and expands the definition of "generator" to include affiliates and successors. It creates a tiered tax structure for different types of radioactive waste disposal, with rates ranging from 0.5% to 12% depending on the waste type. The bill also introduces a new expansion tax of $3.45 per cubic yard of new licensed waste disposal volume, up to 8,700,000 cubic yards, for facilities submitting applications before December 31, 2025. Additionally, the bill specifies that tax revenue from new generators of radioactive waste will be deposited into the Utah Energy Research Fund and provides a special tax rate of 16.67% for first-time waste shipments between June 30, 2025, and June 30, 2028. The legislation also includes provisions for coordinating with another bill (H.B. 249) to potentially redirect some tax revenues to an Electrical Energy Development Investment Fund.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Governor Signed in Lieutenant Governor's office for filing (on 03/24/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...