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Senate advances bill to codify sales-tax treatment for molten magnesium after Tax Commission audit
Summary
The Utah Senate advanced SB 21 to third reading after debate over a clarified sales-tax exemption for molten magnesium used between two local firms; supporters said the bill prevents auditors from imposing retroactive taxes that could cost the companies jobs, while opponents called the carve-out unfair.
Senators advanced Senate Bill 21 to third reading after an extended floor debate over whether state sales-and-use tax law should explicitly exclude molten magnesium transfers used in a narrow industrial process.
Senator Henderson, the bill sponsor, told colleagues the measure clarifies existing practice after an audit by the Utah State Tax Commission raised questions about whether molten magnesium moving between two Tooele County firms—US Magnesium and ATI—should be taxed. Henderson said the bill would preserve current practice and avoid…
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