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House circles severance tax substitute that would phase funds into permanent trust
Summary
Lawmakers debated a substitute to phase severance-tax receipts into the permanent state trust fund over multiple years; supporters said it preserves resources for future generations, while others pushed for an amended fiscal note. The House voted to 'circle' the substitute for further review.
The Utah House spent a prolonged floor period debating House Bill 210, a proposal to redirect severance-tax receipts gradually into the state's permanent trust fund.
Representative Stephen Nielsen framed the measure as a long-term fiscal correction, saying that moving severance revenue into the permanent state trust fund will protect nonrenewable-resource receipts for future generations. “If we pass this legislation… I believe it is…
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