Section R362-4-3 - Definitions Terms in this rule are defined in Sections 63M-4-602, 63M-4-603, and 63M-4-604. In addition the following definitions apply:
(1) "Infrastructure" includes an energy delivery project designed to transmit, deliver or otherwise increase the capacity for the delivery of energy to a user.(2) "Infrastructure-related revenue" means an amount of tax revenue for an entity creating a high cost infrastructure project in a taxable year that is directly attributable to the high cost infrastructure project, under:(a) Title 59, Chapter 7, Corporate Franchise and Income Taxes;(b) Title 59, Chapter 10, Individual Income Tax Act; and(c) Title 59, Chapter 12, Sales and Use Tax Act.(3) For a fuel standard compliance project, as defined under Subsection 63M-4-602(2), infrastructure-related revenue means state revenues generated by an applicant after the completion of a fuel standard compliance project under: Title 59, Chapter 7, Corporate Franchise and Income Taxes; Title 59, Chapter 10, Individual Income Tax; and Title 59, Chapter 12, Sales and Use Tax Act.(4) "Office" means the Governor's Office of Energy Development created under Section 63M-4-401.(5) "Board" means the Utah Energy Infrastructure Authority Board created under Section 63H-2-202.(6) " Tax credit" means a certificate issued by the Office and recognized by the Utah State Tax Commission to an infrastructure cost-burdened entity under Section 59-7-619 or Section 59-10-1034.Utah Admin. Code R362-4-3
Adopted by Utah State Bulletin Number 2016-15, effective 7/14/2016Amended by Utah State Bulletin Number 2019-5, effective 2/5/2019Amended by Utah State Bulletin Number 2021-02, effective 1/11/2021