Utah establishes gasoline and diesel refinery exemption
DALLAS -- Utah Governor Gary Herbert signed Senate Bill 197—effective Jan. 1, 2018—establishing an exemption for the purchase or lease of machinery, equipment, normal operating repair or replacement parts, catalysts, chemicals, reagents, solutions or supplies used or consumed by a refiner who owns, leases, operates, controls or supervises a refinery used to produce gasoline or diesel fuel.
This new exemption does not contain the 3-yr useful life requirement contained in Utah's general manufacturing exemption. The exemption is written broadly, and covers other activities by qualified refiners, including research and development, and the transportation, storage or management of raw materials, works in process, finished products and waste materials.
Beginning on July 1, 2021, a refiner must obtain a form certified by the Office of Energy Development and report annually to the office that the refiner's facility will have an average gasoline sulfur level of 10 parts per million (ppm) or less to continue to be eligible for the exemption.
Comments