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Senate passes substitute SB 102 offering tax credits to spur refinery upgrades to Tier 3 fuels
Summary
The Utah Senate approved a second substitute to Senate Bill 102, a tax‑credit incentive designed to encourage refinery investment to produce cleaner Tier 3 fuels; supporters said it would improve air quality and create jobs, while several senators pressed for clarity on the bill's long‑term fiscal effect.
The Utah Senate on the floor approved a second substitute to Senate Bill 102, a high‑cost infrastructure tax‑credit measure aimed at encouraging refineries to invest in upgrades needed to produce cleaner Tier 3 fuels. The sponsor described the change as an incentive tied to post‑investment production and job creation and said credits would be issued only after companies completed eligible improvements.
"This allows a tax [credit] to them to be able to do the ... improvements in the refineries that are needed to go to Tier 3," the bill sponsor said, arguing the…
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