IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Mar 2017 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

342 Basic inorganic chemicals n.e.c.
2804 Hydrogen, rare gases and other nonmetals.
280410 Hydrogen

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