Beginning on January 1, 2006, and ending on June 30, 2026, 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;
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Terms Used In Utah Code 59-5-120

  • Gas: means :
              (8)(a)(i) natural gas;
              (8)(a)(ii) natural gas liquids; or
              (8)(a)(iii) any mixture of natural gas and natural gas liquids. See Utah Code 59-5-101
  • Oil: means :
              (12)(a)(i) crude oil;
              (12)(a)(ii) condensate; or
              (12)(a)(iii) any mixture of crude oil and condensate. See Utah Code 59-5-101
  • Oil shale: means a group of fine black to dark brown shales containing bituminous material that yields petroleum upon distillation. See Utah Code 59-5-101
(2) oil shale; or
(3) oil sands.

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