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Senate advances tax exemption to encourage local production of cleaner 'Tier 3' fuel
Summary
The Utah Senate passed a third substitute to Senate Bill 197 that offers sales-tax exemptions for refinery equipment if companies show production of EPA-defined Tier 3 gasoline by July 2021; sponsors argued it improves air quality and keeps refineries competitive, while senators pressed for fiscal clarity.
The Utah Senate on Monday passed a third substitute to Senate Bill 197, a measure that would grant sales-tax exemptions for manufacturing equipment used in local refineries if companies convert production to EPA-defined Tier 3 fuels by July 2021.
The bill's sponsor (identified in the transcript only as the sponsor speaking on the floor) told colleagues the measure has two aims: to reduce the cost of goods sold for in-state refiners so they remain competitive, and to accelerate production of Tier 3 gasoline. “By doing that, they actually hire more people and expand,” the sponsor said, and…
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