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House extends sales-tax exemption for steel industry, citing jobs and competitiveness
Summary
House Bill 74 passed the Utah House 65–4 to extend an existing sales-and-use tax exemption for replacement parts used in steel manufacturing; sponsors said it supports local jobs and competitiveness and carries an estimated $100,000 fiscal note.
The Utah House approved House Bill 74, extending a sales-and-use tax exemption for replacement parts and materials used in steel manufacturing, by a vote of 65–4. Representative Ben Ferry, sponsor, said the exemption continues a long-standing policy of excluding direct input costs in the manufacturing process from sales tax.
Ferry described the covered items—"rolls, rollers, refractory bricks,…
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