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Utah House approves hydrogen tax-credit package after heated floor debate over fiscal impact
Summary
The House approved a second substitute to HB62 to allow tax credits for renewable hydrogen production and infrastructure but faced pushback from members concerned the credits might reward projects that would proceed without subsidies and questioned the fiscal impact; the measure passed 44–23.
The Utah House on March 2 approved a second substitute to House Bill 62, an enterprise-zone-style package that would allow tax credits for the production, processing and distribution of hydrogen from renewable energy sources. The vote on the amended measure was 44–23.
Sponsor Representative Segers said the bill both incentivizes renewable production and requires the interim Revenue and Taxation Committee to study the credits’ effectiveness, jobs created and the amount of credits awarded; the measure includes a five-year sunset provision and language directing review in committee. Segers told…
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