Utah Admin. Code R362-4-3 - Definitions
Terms in this rule are defined in Sections 63M-4-602, 63M-4-603, and 63M-4-604. In addition the following definitions apply:
(1)
"Infrastructure" includes an energy delivery project designed to transmit,
deliver or otherwise increase the capacity for the delivery of energy to a
user.
(2) "Infrastructure-related
revenue" means an amount of tax revenue for an entity creating a high cost
infrastructure project in a taxable year that is directly attributable to the
high cost infrastructure project, under:
(a)
Title 59, Chapter 7, Corporate Franchise and Income Taxes;
(b) Title 59, Chapter 10, Individual Income
Tax Act; and
(c) Title 59, Chapter
12, Sales and Use Tax Act.
(3) For a fuel standard compliance project,
as defined under Subsection
63M-4-602(2),
infrastructure-related revenue means state revenues generated by an applicant
after the completion of a fuel standard compliance project under: Title 59,
Chapter 7, Corporate Franchise and Income Taxes; Title 59, Chapter 10,
Individual Income Tax; and Title 59, Chapter 12, Sales and Use Tax
Act.
(4) "Office" means the
Governor's Office of Energy Development created under Section
63M-4-401.
(5) "Board" means the Utah Energy
Infrastructure Authority Board created under Section
63H-2-202.
(6) " Tax credit" means a certificate issued
by the Office and recognized by the Utah State Tax Commission to an
infrastructure cost-burdened entity under Section
59-7-619 or Section
59-10-1034.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.