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House approves phased sales‑tax exemption to attract semiconductor fabrication, amid dispute over cap and fiscal note
Summary
Lawmakers passed a three‑year phased sales and use tax exemption for semiconductor clean‑room materials to attract manufacturers, while members debated the fiscal note and whether to impose a cap. The measure requires annual Tax Commission review and reporting to the Revenue and Taxation Committee.
The Utah House on Feb. 23 approved first substitute Senate Bill 174, a phased sales and use tax exemption for materials used in semiconductor fabrication, after extended debate over the measure's fiscal cost and the absence of a specific cap.
Representative Throckmorton, sponsor, said the exemption is intended to attract high‑tech manufacturing to Utah and highlighted built‑in oversight: the Tax Commission must annually evaluate the exemption and the Revenue and Taxation Interim Committee will…
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