Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate approves five-year sales-tax exemption for semiconductor consumables tied to Micron jobs pledge
Summary
The Utah Senate passed first substitute SB 174 to create a phased sales-and-use tax exemption for consumables used in semiconductor fabrication, contingent on industry benchmarks and annual legislative review; sponsor said Micron’s workforce commitment is a central benchmark (bill referred to the House).
The Utah Senate on Feb. 21 approved first substitute Senate Bill 174, creating a time-limited sales-and-use tax exemption for certain consumables used in semiconductor fabrication that the sponsor said is contingent on industry performance and employment benchmarks.
Sponsor Sen. Bramble said the measure would phase in the exemption and require annual review by the Revenue and Taxation Interim Committee so the Legislature can evaluate ‘‘the cost of the exemption, the purpose and effectiveness of the exemption, and the benefits of the exemption to the state.’’ He told colleagues the measure…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
