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Senate advances brine‑shrimp royalty bill setting $550,000 baseline and committing to review
Summary
First Substitute SB76 would stabilize Great Salt Lake brine‑shrimp royalties at an industry‑agreed baseline of $550,000 per year and allow a predictable royalty for the industry; sponsor pledged a 3–5 year review amendment; bill moved to third reading.
Senators on Feb. 2 advanced First Substitute Senate Bill 76, a measure to standardize royalty reporting and assessment for brine shrimp harvested from the Great Salt Lake. Sponsor Senator Hatch said the state tax commission and the Department of Natural Resources worked with industry to produce a revenue‑based approach that averages the last 10 years (excluding the single…
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