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House advances semiconductor tax-exemption bill after fiscal-note changes
Summary
Lawmakers advanced a first-substitute of Senate Bill 174 to provide a phased sales/use tax exemption for semiconductor fabrication materials. Sponsors said the bill includes checks and balances and moves an earlier fiscal impact into the coming budget year; full implementation and review are phased over several years.
The Utah House debated and then advanced first substitute Senate Bill 174, a measure to create a sales and use tax exemption for semiconductor fabricating and processing materials.
Representative Throckmorton, who explained the bill on the floor, said negotiators added oversight provisions and revised the implementation timeline. He described a phased…
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