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Senate backs five-year depreciation for certain refinery pollution-control equipment
Utah State Senate · February 16, 2022
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Summary
Senate passed SB 174 to change tax treatment of pollution-control equipment at refineries with a five‑year depreciation schedule (phasing value toward zero) and an administrative petition process; sponsor said the change aligns with federal IRS rules.
The Utah Senate approved SB 174 on Feb. 16, a measure that adjusts property-tax treatment for certain pollution-control equipment at refineries in Salt Lake and Davis counties. Sponsor Senator Vickers said that under current State Tax Commission Rule 33 such equipment is…
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