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Senate extends Geneva Steel sales-tax exemption over fairness objections
Summary
The Utah Senate voted to extend a sales-tax exemption for Geneva Steel for two years after a contentious floor debate in which some senators said the extension was unfair to other steel producers and raised fiscal concerns.
Salt Lake City — After more than an hour of debate, the Utah Senate voted to extend for two years a sunset sales-tax exemption for basic steel manufacturing that applies to Geneva Steel.
The sponsor, speaking on the floor, told colleagues the company’s modernization program took longer than the original seven-year schedule and that the governor and legislative negotiators agreed on a two-year extension so the company could complete pollution-control and modernization…
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