Bill
High Cost Infrastructure Tax Credit Amendments
- Number
- S.B. 102 Fifth Substitute (2016GS)
- Sponsor
- Sen. Okerlund, R.
- Final action
- Governor Signed 3/28/2016
- Outcome
- Became law — signed by Gov. Gary R. Herbert
Summary
This bill modifies provisions related to tax credits for infrastructure development.
What it does
- This bill:
- modifies the composition of the Utah Energy Infrastructure Authority Board; and
- authorizes the Office of Energy Development to make rules to implement the high cost infrastructure tax credit program and to establish criteria for an infrastructure cost-burdened entity to qualify for a tax credit.
Every vote on this bill
2/23/2016Senate/ passed 2nd reading
Senate 3rd Reading Calendar
27 1 1not eligible / no record2/24/2016Senate/ circled
Senate 3rd Reading Calendar
Voice votenot eligible / no record3/2/2016Senate/ uncircled
Senate 3rd Reading Calendar
Voice votenot eligible / no record3/2/2016Senate/ substituted from # 0 to # 2
Senate 3rd Reading Calendar
Voice votenot eligible / no record3/2/2016Senate/ circled
Senate 3rd Reading Calendar
Voice votenot eligible / no record3/3/2016Senate/ uncircled
Senate 3rd Reading Calendar
Voice votenot eligible / no record3/3/2016Senate/ passed 3rd reading
Clerk of the House
23 1 5not eligible / no record3/9/2016House/ passed 3rd reading
House Speaker
64 4 7YEA3/10/2016House/ motion to reconsider
Clerk of the House
Voice votenot eligible / no record3/10/2016House/ substituted from # 2 to # 4
House 3rd Reading Calendar for Senate bills
Voice votenot eligible / no record3/10/2016House/ circled
House 3rd Reading Calendar for Senate bills
Voice votenot eligible / no record3/10/2016House/ uncircled
House 3rd Reading Calendar for Senate bills
Voice votenot eligible / no record3/10/2016House/ substituted from # 4 to # 5
House 3rd Reading Calendar for Senate bills
Voice votenot eligible / no record3/10/2016House/ passed 3rd reading
Senate Secretary
72 0 3YEA3/10/2016Senate/ concurs with House amendment
House Speaker
26 1 2not eligible / no recordBill text
enrolled version · official source
HIGH COST INFRASTRUCTURE TAX CREDIT AMENDMENTS GENERAL SESSION STATE OF UTAH Chief Sponsor: Ralph Okerlund House Sponsor: Francis D. Gibson LONG TITLE General Description: This bill modifies provisions related to tax credits for infrastructure development. Highlighted Provisions: This bill: ▸ modifies the composition of the Utah Energy Infrastructure Authority Board; and ▸ authorizes the Office of Energy Development to make rules to implement the high cost infrastructure tax credit program and to establish criteria for an infrastructure cost-burdened entity to qualify for a tax credit. Money Appropriated in this Bill: None Other Special Clauses: This bill provides a special effective date. Utah Code Sections Affected: AMENDS: 63H-2-202 , as last amended by Laws of Utah 2012, Chapter 37 ENACTS: 63M-4-606 , Utah Code Annotated 1953 Be it enacted by the Legislature of the state of Utah: Section 1. Section 63H-2-202 is amended to read: 63H-2-202. Authority board. (1) There is created the Utah Energy Infrastructure Authority Board that consists of nine members, appointed by the governor as follows: (a) the energy advisor[ , ] or the executive director of the Office of Energy Development, who shall serve as chair of the board; (b) one member from the Governor's Office of Economic Development; (c) [ three members ] one member from a public utility or electric interlocal entity that operates electric transmission facilities within the state [ as follows: ] ; [ (i) one member selected by the governor from recommendations from an investor-owned electric corporation that operates in this state; ] [ (ii) one member selected by the governor from recommendations from a wholesale electrical cooperative, as defined in Section 54-2-1 , in the state; and ] [ (iii) one member selected by the governor from recommendations from an electric interlocal entity; ] (d) two members representing the economic development interests of rural communities as follows: (i) one member currently serving as county commissioner of a county of the third, fourth, fifth, or sixth class, as described in Section 17-50-501 ; and (ii) one member of a rural community with work experience in the energy industry; (e) two members of the general public with relevant industry or community experience; [ (d) ] (f) the director of the School and Institutional Trust Lands Administration created in Section 53C-1-201 ; and [ (e) two representatives of business entities that produce energy; and ] [ (f) ] (g) one member of the general public who has experience with public finance and bonding. (2) (a) The term of a board member is four years. (b) Notwithstanding Subsection (2)(a), the governor shall, at the time of appointment or reappointment, adjust the length of terms to ensure that the terms of board members are staggered so that approximately half of the board is appointed every two years. (c) The governor may remove a member of the board for cause. (d) The governor shall fill a vacancy in the board in the same manner under this section as the appointment of the member whose vacancy is being filled. (e) An individual appointed to fill a vacancy shall serve the remaining unexpired term of the member whose vacancy the individual is filling. (f) A board member shall serve until a successor is appointed and qualified. (3) (a) Five members of the board constitute a quorum for conducting board business. (b) A majority vote of the quorum present is required for an action to be taken by the board. (4) (a) [ The board shall meet at least quarterly on a date the board sets. (b) The chair of the board or any two members of the board may call additional meetings. ] Except as provided in Subsections (4)(b) and (4)(c), the board shall meet once each month, on a day determined by the board, to review an application referred to the board by the Office of Energy Development under Title 63M, Chapter 4, Part 6, High Cost Infrastructure Development Tax Credit Act. (b) Subject to Subsection (4)(c), the board may cancel the board's meeting for a given month if there are no applications described in Subsection (4)(a) pending board approval. (c) The board shall meet no less frequently than once each quarter, on a day determined by the board. (5) A member may not receive compensation or benefits for the member's service, but may receive per diem and travel expenses in accordance with: (a) Section 63A-3-106 ; (b) Section 63A-3-107 ; and (c) rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107 . Section 2. Section 63M-4-606 is enacted to read: 63M-4-606. Administrative rules. The office may establish, by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, requirements and procedures for the implementation of this part. Section 3. Effective date. (1) Except as provided in Subsection (2), if approved by two-thirds of all members elected to each house, this bill takes effect upon approval by the governor, or the day following the constitutional time limit of Utah Constitution, Article VII, Section 8, without the governor's signature, or in the case of a veto, the date of veto override. (2) The actions affecting the following sections take effect for a taxable year beginning on or after January 1, 2017: (a) Section 59-7-619 ; and (b) Section 59-10-1034 .