S.B. 159 - Severance Tax Exemption Extension

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Bill

Severance Tax Exemption Extension

Number: S.B. 159 (2016GS)
Sponsor: Sen. Van Tassell, K.
Final action: Governor Signed 3/28/2016
Outcome: Became law — signed by Gov. Gary R. Herbert

Summary

This bill modifies the state severance tax on oil and gas.

What it does

This bill:
extends for 10 years the exemption from the state severance tax on oil and gas for oil and gas produced from coal-to-liquids technology, oil shale, or oil sands.

Every vote on this bill

2/29/2016Senate/ passed 2nd reading

Senate 3rd Reading Calendar

22 1 6not eligible / no record

3/1/2016Senate/ passed 3rd reading

Clerk of the House

24 2 3not eligible / no record

3/10/2016House/ passed 3rd reading

House Speaker

64 9 2YEA

Bill text

enrolled version · official source

SEVERANCE TAX EXEMPTION EXTENSION
GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Kevin T. Van Tassell
House Sponsor: 
Scott H. Chew
LONG TITLE
General Description:
This bill modifies the state severance tax on oil and gas. 
Highlighted Provisions:
This bill:
▸ extends for 10 years the exemption from the state severance tax on oil and gas for
oil and gas produced from coal-to-liquids technology, oil shale, or oil sands. 
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
59-5-120
, as enacted by Laws of Utah 2006, Chapter 346
Be it enacted by the Legislature of the state of Utah:
Section 1. Section 
59-5-120
 is amended to read:
59-5-120.
Exemption.
Beginning on January 1, 2006
,
 and ending on June 30, [
] 
, no severance tax
required by this chapter is imposed on oil and gas produced, saved, sold, or transported if the
oil or gas produced, saved, sold, or transported is derived from:
(1) coal-to-liquids technology;
(2) oil shale; or
(3) [
tar
] 
oil
 sands.