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House passes bill to exclude semiconductor equipment from certified-rate calculation
Summary
The Utah House on Feb. 9 passed second substitute House Bill 111, sponsored by Representative Dougal, to remove semiconductor manufacturing equipment from the certified-rate property-tax calculation (not a tax exemption). The measure passed 66–7 and goes to the Senate.
Representative Dougal explained that second substitute House Bill 111 narrows a tax-rule calculation to keep very short‑lived, high‑value semiconductor manufacturing equipment out of the certified‑rate formula that can shift higher rates onto homeowners. "We have a new semiconductor facility... when we have a billion dollars of new property valuation come on the rolls that has…
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