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Senate adopts substitute for sales‑tax exemption aimed at manufacturers of short‑life drilling bits
Utah State Senate · February 27, 2015
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Summary
Senate substituted SB182 to create or phase tax exemptions for manufacturers of synthetic diamond drilling bits and other short‑life production inputs; senators debated fiscal notes and long‑term revenue impacts for the state.
Senator Bramble explained a first substitute to SB182 that would create or modify sales and use tax exemptions for certain manufacturing inputs — specifically synthetic diamond drilling bits with useful life shorter than three years — and included a phased 50% credit in early…
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