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S.B. 30 Enrolled

             1     

EXTENSION OF RECYCLING MARKET DEVELOPMENT

             2     
ZONE ACT AND RELATED TAX CREDITS

             3     
2011 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: John L. Valentine

             6     
House Sponsor: Wayne A. Harper

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill extends the repeal date for the Recycling Market Development Zone Act from
             11      July 1, 2020, to January 1, 2021, and extends certain related tax credit and carry
             12      forward provisions to repeal on January 1, 2012.
             13      Highlighted Provisions:
             14          This bill:
             15          .    extends the repeal date for the Recycling Market Development Zone Act from July
             16      1, 2020, to January 1, 2021;
             17          .    extends certain recycling market development zone tax credit and carry forward
             18      provisions to repeal on January 1, 2012; and
             19          .    makes technical and conforming changes.
             20      Money Appropriated in this Bill:
             21          None
             22      Other Special Clauses:
             23          This bill provides an immediate effective date.
             24          This bill has retrospective operation to July 1, 2010.
             25      Utah Code Sections Affected:
             26      AMENDS:
             27          63I-1-263, as last amended by Laws of Utah 2010, Chapters 319 and 358
             28     
             29      Be it enacted by the Legislature of the state of Utah:


             30          Section 1. Section 63I-1-263 is amended to read:
             31           63I-1-263. Repeal dates, Titles 63 to 63M.
             32          (1) Section 63A-4-204 , authorizing the Risk Management Fund to provide coverage to
             33      any public school district which chooses to participate, is repealed July 1, 2016.
             34          (2) Section 63A-5-603 , State Facility Energy Efficiency Fund, is repealed July 1, 2016.
             35          (3) Section 63C-8-106 , [Rural] rural residency training program, is repealed July 1,
             36      2015.
             37          (4) Subsection 63G-6-502 (5)(b)(ii) authorizing certain transportation agencies to award
             38      a contract for a design-build transportation project in certain circumstances, is repealed July 1,
             39      2015.
             40          (5) The Resource Development Coordinating Committee, created in Section
             41      63J-4-501 , is repealed July 1, 2015.
             42          (6) Title 63M, Chapter 1, Part 4, Enterprise Zone Act, is repealed July 1, 2018.
             43          (7) (a) Title 63M, Chapter 1, Part 11, Recycling Market Development Zone Act, is
             44      repealed [July 1, 2020] January 1, 2021.
             45          (b) Subject to Subsection (7)(c), Sections 59-7-610 and 59-10-1007 regarding tax
             46      credits for certain persons in recycling market development zones, are repealed for taxable
             47      years beginning on or after January 1, [2011] 2012.
             48          (c) [Notwithstanding Subsection (7)(b), a] A person may not claim a tax credit under
             49      Section 59-7-610 or 59-10-1007 :
             50          (i) for the purchase price of machinery or equipment described in Section 59-7-610 or
             51      59-10-1007 , if the machinery or equipment is purchased on or after [July 1, 2010] January 1,
             52      2012; or
             53          (ii) for an expenditure described in Subsection 59-7-610 (1)(b) or 59-10-1007 (1)(b), if
             54      the expenditure is made on or after [July 1, 2010] January 1, 2012.
             55          (d) Notwithstanding Subsections (7)(b) and (c), a person may carry forward a tax credit
             56      in accordance with Section 59-7-610 or 59-10-1007 if:
             57          (i) the person is entitled to a tax credit under Section 59-7-610 or 59-10-1007 ; and


             58          (ii) (A) for the purchase price of machinery or equipment described in Section
             59      59-7-610 or 59-10-1007 , the machinery or equipment is purchased on or before [June 30, 2010]
             60      December 31, 2011; or
             61          (B) for an expenditure described in Subsection 59-7-610 (1)(b) or 59-10-1007 (1)(b), the
             62      expenditure is made on or before [June 30, 2010] December 31, 2011.
             63          (8) Title 63M, Chapter 7, Part 4, Sentencing Commission, is repealed January 1, 2012.
             64          (9) The Crime Victim Reparations Board, created in Section 63M-7-504 , is repealed
             65      July 1, 2017.
             66          (10) Title 63M, Chapter 8, Utah Commission for Women and Families Act, is repealed
             67      July 1, 2011.
             68          (11) Title 63M, Chapter 9, Families, Agencies, and Communities Together for
             69      Children and Youth At Risk Act, is repealed July 1, 2016.
             70          (12) Title 63M, Chapter 11, Utah Commission on Aging, is repealed July 1, 2012.
             71          Section 2. Effective date -- Retrospective operation.
             72          This bill:
             73          (1) if approved by two-thirds of all the members elected to each house, takes effect
             74      upon approval by the governor, or the day following the constitutional time limit of Utah
             75      Constitution Article VII, Section 8, without the governor's signature, or in the case of a veto,
             76      the date of veto override; and
             77          (2) has retrospective operation to July 1, 2010.


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