59-5-120. Exemption.
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/ut/title-59/chapter-5/59-5-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/10/2016
59-5-120. Exemption.
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;
(2)oil shale; or
(3)oil sands.
Amended by Chapter 352 , 2016 General Session