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House extends sales/use tax exemption for steel mills after heated debate; amendment fails
Summary
Lawmakers approved HB396 to extend a sales-and-use tax exemption for steel mills, citing double taxation and global dumping concerns. An amendment to add magnesium manufacturers was proposed, would raise the fiscal note by ~$200,000, and failed before the bill passed 57–11.
The Utah House voted to extend a sales-and-use tax exemption for steel mills on Feb. 17, approving House Bill 396 after a lengthy debate over competitiveness, pollution and fiscal impact.
Representative Matt Throckmorton, sponsor of the bill, said the measure addresses three perceived inequalities — double taxation on inputs and outputs, treatment of short-lived equipment that does not meet a three-year threshold, and competitive imbalance created by dumped foreign steel. He told colleagues the exemption is intended to ‘‘remove this double taxation’’ and to help local…
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