Utah Code 10-1-302. Purpose and intent
Current as of: 2023 | Check for updates
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10-1-302. Purpose and intent.
The Legislature finds that:
The Legislature finds that:
| (1) | the energy industry has previously been highly regulated and monopolistic; |
| (2) | municipalities have historically raised town or city, respectively, general fund revenues by collecting franchise and business license revenues from the energy industry; |
| (3) | substantial restructuring of the energy industry has created an opportunity for increased competition within the energy industry; |
| (4) | the restructuring of the energy industry has diminished the effectiveness and fairness of the revenues collected by municipalities; |
| (5) | to provide for a stable revenue source for municipalities and to create a more competitive environment for the energy industry, it is necessary to enact taxing authority for municipalities that accomplishes those goals; and |
| (6) | this part does not alter or affect the municipalities’ authority to grant or regulate franchises, or to control municipal streets, highways, or other property. |
Amended by Chapter 176, 2014 General Session