Bill

Bill > SB0213


UT SB0213

UT SB0213
Sales and Use Tax Modifications


summary

Introduced
02/04/2025
In Committee
02/28/2025
Crossed Over
02/24/2025
Passed
03/07/2025
Dead
Signed/Enacted/Adopted
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)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...