ANNOUNCED AS TEMPORARYNo
Tax or social insurance relief
On March 22, 2017 the governor of Utah signed into law a bill (H.B.405) that provided incentives for the production of hydrogen fuel. It did so by expanding the uses for money in the Community Impact Fund (CIF) to include a plant for the production of hydrogen fuel for zero emission motor vehicles or a plant for the manufacture of zero emission hydrogen fueled trucks. It also provided for an oil and gas severance tax credit for a taxpayer that produces natural gas for use in the production of hydrogen fuel for zero emission motor vehicles. The maximum benefit per year for any taxpayer would be $5,000,000. The CIF is a state program that provides loans and/or grants to state agencies and subdivisions of the state that are or may be socially or economically impacted, directly or indirectly, by mineral resource development on federal lands.
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