summary
Introduced
02/04/2025
02/04/2025
In Committee
02/28/2025
02/28/2025
Crossed Over
02/24/2025
02/24/2025
Passed
03/07/2025
03/07/2025
Dead
Signed/Enacted/Adopted
03/26/2025
03/26/2025
Introduced Session
2025 General Session
Bill Summary
General Description: This bill enacts a sales and use tax exemption for operators of facilities that manufacture energy storage devices or equipment.
AI Summary
This bill enacts a sales and use tax exemption for operators of qualifying energy storage manufacturing facilities in Utah. Specifically, the bill creates a new exemption that applies to purchases of tangible personal property that will be incorporated into energy storage equipment or devices, as well as machinery, equipment, and replacement parts used exclusively in the operation of a qualifying energy storage manufacturing facility. A "qualifying energy storage manufacturing facility" is defined as a facility located in Utah that manufactures equipment or devices designed to store and discharge electrical power. The tax exemption would take effect on July 1, 2025, providing a financial incentive for businesses involved in manufacturing energy storage technology to establish or expand operations in the state. By offering this targeted tax break, the bill aims to support the growth of the energy storage manufacturing sector in Utah.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Governor Signed in Lieutenant Governor's office for filing (on 03/26/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://le.utah.gov/~2025/bills/static/SB0213.html |
BillText | https://le.utah.gov/Session/2025/bills/enrolled/SB0213.pdf |
House Committee Report SB0213 | https://le.utah.gov/Session/2025/comreport/SB213H10.pdf |
BillText | https://le.utah.gov/Session/2025/bills/amended/AV_SB0213_2025-02-14_10-20-06.pdf |
Senate Committee Report SB0213 | https://le.utah.gov/Session/2025/comreport/SB213S10.pdf |
Fiscal Note SB0213 | https://pf.utleg.gov/public-web/sessions/2025GS/fiscal-notes/SB0213.fn.pdf |
Senate Amendment 1 | https://le.utah.gov/Session/2025/bills/amended/SB0213.Samd.1.pdf |
BillText | https://le.utah.gov/Session/2025/bills/introduced/SB0213.pdf |
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