Utah Code 79-6-505. Report to the Legislature
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The office shall annually provide an electronic report to the Public Utilities, Energy, and Technology Interim Committee describing:
(1) the office’s success in attracting alternative energy projects to the state and the resulting increase in new state revenues under this part;
Terms Used In Utah Code 79-6-505
- Alternative energy: means the same as that term is defined in Section 59-12-102. See Utah Code 79-6-502
- New state revenues: means an increased amount of tax revenues generated as a result of an alternative energy project by an alternative energy entity or a new incremental job within the state under the following:(5)(b) Title 59, Chapter 10, Individual Income Tax Act; and(5)(c) Title 59, Chapter 12, Sales and Use Tax Act. See Utah Code 79-6-502
- Office: means the Office of Energy Development created in Section 79-6-401. See Utah Code 79-6-502
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) the amount of tax credits the office has granted or will grant and the time period during which the tax credits have been or will be granted; and(3) the economic impact on the state by comparing new state revenues to tax credits that have been or will be granted under this part.