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Senate approves incentives for critical-minerals exploration after floor debate
Summary
The Utah Senate passed first substitute Senate Bill 75 to create tax incentives aimed at encouraging critical-minerals exploration and research. Sponsors said existing state regulators would ensure responsible development after senators urged protections for affected communities.
SALT LAKE CITY — The Utah Senate voted to pass first substitute Senate Bill 75, a measure sponsors described as an incentive package to encourage companies to research and explore domestic critical-mineral resources.
Senator Owens, sponsor of the measure, told colleagues the bill is “to incentivize companies to come and research, look for and to see what minerals we have and the possibility of extracting those,” linking the policy to state and…
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