Utah Code 59-5-120. Exemption
Current as of: 2023 | Check for updates
|
Other versions
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:
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; |
| (i) | natural gas; |
| (ii) | natural gas liquids; or |
| (iii) | any mixture of natural gas and natural gas liquids. See Utah Code 59-5-101
Amended by Chapter 352, 2016 General Session |