1     
ELECTRIC ENERGY AMENDMENTS

2     
2018 GENERAL SESSION

3     
STATE OF UTAH

4     
Chief Sponsor: Curtis S. Bramble

5     
House Sponsor: Francis D. Gibson

6     

7     LONG TITLE
8     General Description:
9          This bill modifies provisions relating to electric energy.
10     Highlighted Provisions:
11          This bill:
12          ▸     modifies the periods during which installation of a residential photovoltaic energy
13     system qualifies for a specified tax credit;
14          ▸     modifies a provision relating to a corporate income tax credit for the installation of
15     a residential energy system; and
16          ▸     provides for the repeal of provisions relating to net metering of electricity.
17     Money Appropriated in this Bill:
18          None
19     Other Special Clauses:
20          This bill provides retrospective operation.
21     Utah Code Sections Affected:
22     AMENDS:
23          59-7-614, as last amended by Laws of Utah 2016, Third Special Session, Chapter 1
24          59-10-1014, as last amended by Laws of Utah 2017, Chapter 33
25          63I-1-254, as last amended by Laws of Utah 2016, Chapter 393
26     

27     Be it enacted by the Legislature of the state of Utah:
28          Section 1. Section 59-7-614 is amended to read:

29          59-7-614. Renewable energy systems tax credits -- Definitions -- Certification --
30     Rulemaking authority.
31          (1) As used in this section:
32          (a) (i) "Active solar system" means a system of equipment that is capable of:
33          (A) collecting and converting incident solar radiation into thermal, mechanical, or
34     electrical energy; and
35          (B) transferring a form of energy described in Subsection (1)(a)(i)(A) by a separate
36     apparatus to storage or to the point of use.
37          (ii) "Active solar system" includes water heating, space heating or cooling, and
38     electrical or mechanical energy generation.
39          (b) "Biomass system" means a system of apparatus and equipment for use in:
40          (i) converting material into biomass energy, as defined in Section 59-12-102; and
41          (ii) transporting the biomass energy by separate apparatus to the point of use or storage.
42          (c) "Commercial energy system" means a system that is:
43          (i) (A) an active solar system;
44          (B) a biomass system;
45          (C) a direct use geothermal system;
46          (D) a geothermal electricity system;
47          (E) a geothermal heat pump system;
48          (F) a hydroenergy system;
49          (G) a passive solar system; or
50          (H) a wind system;
51          (ii) located in the state; and
52          (iii) used:
53          (A) to supply energy to a commercial unit; or
54          (B) as a commercial enterprise.
55          (d) "Commercial enterprise" means an entity, the purpose of which is to produce

56     electrical, mechanical, or thermal energy for sale from a commercial energy system.
57          (e) (i) "Commercial unit" means a building or structure that an entity uses to transact
58     business.
59          (ii) Notwithstanding Subsection (1)(e)(i):
60          (A) with respect to an active solar system used for agricultural water pumping or a
61     wind system, each individual energy generating device is considered to be a commercial unit;
62     or
63          (B) if an energy system is the building or structure that an entity uses to transact
64     business, a commercial unit is the complete energy system itself.
65          (f) "Direct use geothermal system" means a system of apparatus and equipment that
66     enables the direct use of geothermal energy to meet energy needs, including heating a building,
67     an industrial process, and aquaculture.
68          (g) "Geothermal electricity" means energy that is:
69          (i) contained in heat that continuously flows outward from the earth; and
70          (ii) used as a sole source of energy to produce electricity.
71          (h) "Geothermal energy" means energy generated by heat that is contained in the earth.
72          (i) "Geothermal heat pump system" means a system of apparatus and equipment that:
73          (i) enables the use of thermal properties contained in the earth at temperatures well
74     below 100 degrees Fahrenheit; and
75          (ii) helps meet heating and cooling needs of a structure.
76          (j) "Hydroenergy system" means a system of apparatus and equipment that is capable
77     of:
78          (i) intercepting and converting kinetic water energy into electrical or mechanical
79     energy; and
80          (ii) transferring this form of energy by separate apparatus to the point of use or storage.
81          (k) "Office" means the Office of Energy Development created in Section 63M-4-401.
82          (l) (i) "Passive solar system" means a direct thermal system that utilizes the structure of

83     a building and its operable components to provide for collection, storage, and distribution of
84     heating or cooling during the appropriate times of the year by utilizing the climate resources
85     available at the site.
86          (ii) "Passive solar system" includes those portions and components of a building that
87     are expressly designed and required for the collection, storage, and distribution of solar energy.
88          (m) "Photovoltaic system" means an active solar system that generates electricity from
89     sunlight.
90          [(m)] (n) (i) "Principal recovery portion" means the portion of a lease payment that
91     constitutes the cost a person incurs in acquiring a commercial energy system.
92          (ii) "Principal recovery portion" does not include:
93          (A) an interest charge; or
94          (B) a maintenance expense.
95          [(n)] (o) "Residential energy system" means the following used to supply energy to or
96     for a residential unit:
97          (i) an active solar system;
98          (ii) a biomass system;
99          (iii) a direct use geothermal system;
100          (iv) a geothermal heat pump system;
101          (v) a hydroenergy system;
102          (vi) a passive solar system; or
103          (vii) a wind system.
104          [(o)] (p) (i) "Residential unit" means a house, condominium, apartment, or similar
105     dwelling unit that:
106          (A) is located in the state; and
107          (B) serves as a dwelling for a person, group of persons, or a family.
108          (ii) "Residential unit" does not include property subject to a fee under:
109          (A) Section 59-2-404;

110          (B) Section 59-2-405;
111          (C) Section 59-2-405.1;
112          (D) Section 59-2-405.2; or
113          (E) Section 59-2-405.3.
114          [(p)] (q) "Wind system" means a system of apparatus and equipment that is capable of:
115          (i) intercepting and converting wind energy into mechanical or electrical energy; and
116          (ii) transferring these forms of energy by a separate apparatus to the point of use, sale,
117     or storage.
118          (2) A taxpayer may claim an energy system tax credit as provided in this section
119     against a tax due under this chapter for a taxable year.
120          (3) (a) Subject to the other provisions of this Subsection (3), a taxpayer may claim a
121     nonrefundable tax credit under this Subsection (3) with respect to a residential unit the taxpayer
122     owns or uses if:
123          (i) the taxpayer:
124          (A) purchases and completes a residential energy system to supply all or part of the
125     energy required for the residential unit; or
126          (B) participates in the financing of a residential energy system to supply all or part of
127     the energy required for the residential unit;
128          (ii) the residential energy system is completed and placed in service on or after January
129     1, 2007; and
130          (iii) the taxpayer obtains a written certification from the office in accordance with
131     Subsection (7).
132          (b) (i) Subject to Subsections (3)(b)(ii) through [(v)] (iv) and, as applicable, Subsection
133     (3)(c) or (d), the tax credit is equal to 25% of the reasonable costs of each residential energy
134     system installed with respect to each residential unit the taxpayer owns or uses.
135          (ii) A tax credit under this Subsection (3) may include installation costs.
136          (iii) A taxpayer may claim a tax credit under this Subsection (3) for the taxable year in

137     which the residential energy system is completed and placed in service.
138          (iv) If the amount of a tax credit under this Subsection (3) exceeds a taxpayer's tax
139     liability under this chapter for a taxable year, the amount of the tax credit exceeding the
140     liability may be carried forward for a period that does not exceed the next four taxable years.
141          [(v)] (c) The total amount of tax credit a taxpayer may claim under this Subsection (3)
142     for a residential energy system, other than a photovoltaic system, may not exceed $2,000 per
143     residential unit.
144          (d) The total amount of tax credit a taxpayer may claim under this Subsection (3) for a
145     photovoltaic system may not exceed:
146          (i) for a system installed on or after January 1, 2018 but on or before December 31,
147     2020, $1,600;
148          (ii) for a system installed on or after January 1, 2021 but on or before December 31,
149     2021, $1,200;
150          (iii) for a system installed on or after January 1, 2022 but on or before December 31,
151     2022, $800;
152          (iv) for a system installed on or after January 1, 2023 but on or before December 31,
153     2023, $400; and
154          (v) for a system installed on or after January 1, 2024, $0.
155          [(c)] (e) If a taxpayer sells a residential unit to another person before the taxpayer
156     claims the tax credit under this Subsection (3):
157          (i) the taxpayer may assign the tax credit to the other person; and
158          (ii) (A) if the other person files a return under this chapter, the other person may claim
159     the tax credit under this section as if the other person had met the requirements of this section
160     to claim the tax credit; or
161          (B) if the other person files a return under Chapter 10, Individual Income Tax Act, the
162     other person may claim the tax credit under Section 59-10-1014 as if the other person had met
163     the requirements of Section 59-10-1014 to claim the tax credit.

164          (4) (a) Subject to the other provisions of this Subsection (4), a taxpayer may claim a
165     refundable tax credit under this Subsection (4) with respect to a commercial energy system if:
166          (i) the commercial energy system does not use:
167          (A) wind, geothermal electricity, solar, or biomass equipment capable of producing a
168     total of 660 or more kilowatts of electricity; or
169          (B) solar equipment capable of producing 2,000 or more kilowatts of electricity;
170          (ii) the taxpayer purchases or participates in the financing of the commercial energy
171     system;
172          (iii) (A) the commercial energy system supplies all or part of the energy required by
173     commercial units owned or used by the taxpayer; or
174          (B) the taxpayer sells all or part of the energy produced by the commercial energy
175     system as a commercial enterprise;
176          (iv) the commercial energy system is completed and placed in service on or after
177     January 1, 2007; and
178          (v) the taxpayer obtains a written certification from the office in accordance with
179     Subsection (7).
180          (b) (i) Subject to Subsections (4)(b)(ii) through (v), the tax credit is equal to 10% of the
181     reasonable costs of the commercial energy system.
182          (ii) A tax credit under this Subsection (4) may include installation costs.
183          (iii) A taxpayer may claim a tax credit under this Subsection (4) for the taxable year in
184     which the commercial energy system is completed and placed in service.
185          (iv) A tax credit under this Subsection (4) may not be carried forward or carried back.
186          (v) The total amount of tax credit a taxpayer may claim under this Subsection (4) may
187     not exceed $50,000 per commercial unit.
188          (c) (i) Subject to Subsections (4)(c)(ii) and (iii), a taxpayer that is a lessee of a
189     commercial energy system installed on a commercial unit may claim a tax credit under this
190     Subsection (4) if the taxpayer confirms that the lessor irrevocably elects not to claim the tax

191     credit.
192          (ii) A taxpayer described in Subsection (4)(c)(i) may claim as a tax credit under this
193     Subsection (4) only the principal recovery portion of the lease payments.
194          (iii) A taxpayer described in Subsection (4)(c)(i) may claim a tax credit under this
195     Subsection (4) for a period that does not exceed seven taxable years after the date the lease
196     begins, as stated in the lease agreement.
197          (5) (a) Subject to the other provisions of this Subsection (5), a taxpayer may claim a
198     refundable tax credit under this Subsection (5) with respect to a commercial energy system if:
199          (i) the commercial energy system uses wind, geothermal electricity, or biomass
200     equipment capable of producing a total of 660 or more kilowatts of electricity;
201          (ii) (A) the commercial energy system supplies all or part of the energy required by
202     commercial units owned or used by the taxpayer; or
203          (B) the taxpayer sells all or part of the energy produced by the commercial energy
204     system as a commercial enterprise;
205          (iii) the commercial energy system is completed and placed in service on or after
206     January 1, 2007; and
207          (iv) the taxpayer obtains a written certification from the office in accordance with
208     Subsection (7).
209          (b) (i) Subject to Subsections (5)(b)(ii) and (iii), a tax credit under this Subsection (5)
210     is equal to the product of:
211          (A) 0.35 cents; and
212          (B) the kilowatt hours of electricity produced and used or sold during the taxable year.
213          (ii) A tax credit under this Subsection (5) may be claimed for production occurring
214     during a period of 48 months beginning with the month in which the commercial energy
215     system is placed in commercial service.
216          (iii) A tax credit under this Subsection (5) may not be carried forward or carried back.
217          (c) A taxpayer that is a lessee of a commercial energy system installed on a commercial

218     unit may claim a tax credit under this Subsection (5) if the taxpayer confirms that the lessor
219     irrevocably elects not to claim the tax credit.
220          (6) (a) Subject to the other provisions of this Subsection (6), a taxpayer may claim a
221     refundable tax credit as provided in this Subsection (6) if:
222          (i) the taxpayer owns a commercial energy system that uses solar equipment capable of
223     producing a total of 660 or more kilowatts of electricity;
224          (ii) (A) the commercial energy system supplies all or part of the energy required by
225     commercial units owned or used by the taxpayer; or
226          (B) the taxpayer sells all or part of the energy produced by the commercial energy
227     system as a commercial enterprise;
228          (iii) the taxpayer does not claim a tax credit under Subsection (4);
229          (iv) the commercial energy system is completed and placed in service on or after
230     January 1, 2015; and
231          (v) the taxpayer obtains a written certification from the office in accordance with
232     Subsection (7).
233          (b) (i) Subject to Subsections (6)(b)(ii) and (iii), a tax credit under this Subsection (6)
234     is equal to the product of:
235          (A) 0.35 cents; and
236          (B) the kilowatt hours of electricity produced and used or sold during the taxable year.
237          (ii) A tax credit under this Subsection (6) may be claimed for production occurring
238     during a period of 48 months beginning with the month in which the commercial energy
239     system is placed in commercial service.
240          (iii) A tax credit under this Subsection (6) may not be carried forward or carried back.
241          (c) A taxpayer that is a lessee of a commercial energy system installed on a commercial
242     unit may claim a tax credit under this Subsection (6) if the taxpayer confirms that the lessor
243     irrevocably elects not to claim the tax credit.
244          (7) (a) Before a taxpayer may claim a tax credit under this section, the taxpayer shall

245     obtain a written certification from the office.
246          (b) The office shall issue a taxpayer a written certification if the office determines that:
247          (i) the taxpayer meets the requirements of this section to receive a tax credit; and
248          (ii) the residential energy system or commercial energy system with respect to which
249     the taxpayer seeks to claim a tax credit:
250          (A) has been completely installed;
251          (B) is a viable system for saving or producing energy from renewable resources; and
252          (C) is safe, reliable, efficient, and technically feasible to ensure that the residential
253     energy system or commercial energy system uses the state's renewable and nonrenewable
254     energy resources in an appropriate and economic manner.
255          (c) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
256     office may make rules:
257          (i) for determining whether a residential energy system or commercial energy system
258     meets the requirements of Subsection (7)(b)(ii); and
259          (ii) for purposes of a tax credit under Subsection (3) or (4), establishing the reasonable
260     costs of a residential energy system or a commercial energy system, as an amount per unit of
261     energy production.
262          (d) A taxpayer that obtains a written certification from the office shall retain the
263     certification for the same time period a person is required to keep books and records under
264     Section 59-1-1406.
265          (8) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
266     commission may make rules to address the certification of a tax credit under this section.
267          (9) A tax credit under this section is in addition to any tax credits provided under the
268     laws or rules and regulations of the United States.
269          Section 2. Section 59-10-1014 is amended to read:
270          59-10-1014. Nonrefundable renewable energy systems tax credits -- Definitions --
271     Certification -- Rulemaking authority.

272          (1) As used in this section:
273          (a) (i) "Active solar system" means a system of equipment that is capable of:
274          (A) collecting and converting incident solar radiation into thermal, mechanical, or
275     electrical energy; and
276          (B) transferring a form of energy described in Subsection (1)(a)(i)(A) by a separate
277     apparatus to storage or to the point of use.
278          (ii) "Active solar system" includes water heating, space heating or cooling, and
279     electrical or mechanical energy generation.
280          (b) "Biomass system" means a system of apparatus and equipment for use in:
281          (i) converting material into biomass energy, as defined in Section 59-12-102; and
282          (ii) transporting the biomass energy by separate apparatus to the point of use or storage.
283          (c) "Direct use geothermal system" means a system of apparatus and equipment that
284     enables the direct use of geothermal energy to meet energy needs, including heating a building,
285     an industrial process, and aquaculture.
286          (d) "Geothermal electricity" means energy that is:
287          (i) contained in heat that continuously flows outward from the earth; and
288          (ii) used as a sole source of energy to produce electricity.
289          (e) "Geothermal energy" means energy generated by heat that is contained in the earth.
290          (f) "Geothermal heat pump system" means a system of apparatus and equipment that:
291          (i) enables the use of thermal properties contained in the earth at temperatures well
292     below 100 degrees Fahrenheit; and
293          (ii) helps meet heating and cooling needs of a structure.
294          (g) "Hydroenergy system" means a system of apparatus and equipment that is capable
295     of:
296          (i) intercepting and converting kinetic water energy into electrical or mechanical
297     energy; and
298          (ii) transferring this form of energy by separate apparatus to the point of use or storage.

299          (h) "Office" means the Office of Energy Development created in Section 63M-4-401.
300          (i) (i) "Passive solar system" means a direct thermal system that utilizes the structure of
301     a building and its operable components to provide for collection, storage, and distribution of
302     heating or cooling during the appropriate times of the year by utilizing the climate resources
303     available at the site.
304          (ii) "Passive solar system" includes those portions and components of a building that
305     are expressly designed and required for the collection, storage, and distribution of solar energy.
306          (j) "Photovoltaic system" means an active solar system that generates electricity from
307     sunlight.
308          (k) (i) "Principal recovery portion" means the portion of a lease payment that
309     constitutes the cost a person incurs in acquiring a residential energy system.
310          (ii) "Principal recovery portion" does not include:
311          (A) an interest charge; or
312          (B) a maintenance expense.
313          (l) "Residential energy system" means the following used to supply energy to or for a
314     residential unit:
315          (i) an active solar system;
316          (ii) a biomass system;
317          (iii) a direct use geothermal system;
318          (iv) a geothermal heat pump system;
319          (v) a hydroenergy system;
320          (vi) a passive solar system; or
321          (vii) a wind system.
322          (m) (i) "Residential unit" means a house, condominium, apartment, or similar dwelling
323     unit that:
324          (A) is located in the state; and
325          (B) serves as a dwelling for a person, group of persons, or a family.

326          (ii) "Residential unit" does not include property subject to a fee under:
327          (A) Section 59-2-404;
328          (B) Section 59-2-405;
329          (C) Section 59-2-405.1;
330          (D) Section 59-2-405.2; or
331          (E) Section 59-2-405.3.
332          (n) "Wind system" means a system of apparatus and equipment that is capable of:
333          (i) intercepting and converting wind energy into mechanical or electrical energy; and
334          (ii) transferring these forms of energy by a separate apparatus to the point of use or
335     storage.
336          (2) A claimant, estate, or trust may claim an energy system tax credit as provided in
337     this section against a tax due under this chapter for a taxable year.
338          (3) For a taxable year beginning on or [before December 31, 2021] after January 1,
339     2007, a claimant, estate, or trust may claim a nonrefundable tax credit under this section with
340     respect to a residential unit the claimant, estate, or trust owns or uses if:
341          (a) the claimant, estate, or trust:
342          (i) purchases and completes a residential energy system to supply all or part of the
343     energy required for the residential unit; or
344          (ii) participates in the financing of a residential energy system to supply all or part of
345     the energy required for the residential unit;
346          (b) the residential energy system is installed on or after January 1, 2007; and
347          (c) the claimant, estate, or trust obtains a written certification from the office in
348     accordance with Subsection (5).
349          (4) (a) For a residential energy system, other than a photovoltaic system, the tax credit
350     described in this section is equal to the lesser of:
351          (i) 25% of the reasonable costs, including installation costs, of each residential energy
352     system installed with respect to each residential unit the claimant, estate, or trust owns or uses;

353     and
354          (ii) $2,000.
355          (b) Subject to Subsection (5)(d), for a residential energy system that is a photovoltaic
356     system, the tax credit described in this section is equal to the lesser of:
357          (i) 25% of the reasonable costs, including installation costs, of each system installed
358     with respect to each residential unit the claimant, estate, or trust owns or uses; or
359          (ii) (A) for a system installed on or after January 1, 2007, but on or before December
360     31, 2017, $2,000;
361          (B) for a system installed on or after January 1, 2018, but on or before December 31,
362     [2018] 2020, $1,600;
363          (C) for a system installed on or after January 1, [2019] 2021, but on or before
364     December 31, [2019] 2021, $1,200;
365          (D) for a system installed on or after January 1, [2020] 2022, but on or before
366     December 31, [2020] 2022, $800; [and]
367          (E) for a system installed on or after January 1, [2021] 2023, but on or before
368     December 31, [2021] 2023, $400[.]; and
369           (F) for a system installed on or after January 1, 2024, $0.
370          (c) (i) The office shall determine the amount of the tax credit that a claimant, estate, or
371     trust may claim and list that amount on the written certification that the office issues under
372     Subsection (5).
373          (ii) The claimant, estate, or trust may claim the tax credit in the amount listed on the
374     written certification that the office issues under Subsection (5).
375          (d) A claimant, estate, or trust may claim a tax credit under Subsection (3) for the
376     taxable year in which the residential energy system is installed.
377          (e) If the amount of a tax credit listed on the written certification exceeds a claimant's,
378     estate's, or trust's tax liability under this chapter for a taxable year, the claimant, estate, or trust
379     may carry forward the amount of the tax credit exceeding the liability for a period that does not

380     exceed the next four taxable years.
381          (f) A claimant, estate, or trust may claim a tax credit with respect to additional
382     residential energy systems or parts of residential energy systems for a subsequent taxable year
383     if the total amount of tax credit the claimant, estate, or trust claims does not exceed $2,000 per
384     residential unit.
385          (g) (i) Subject to Subsections (4)(g)(ii) and (iii), a claimant, estate, or trust that leases a
386     residential energy system installed on a residential unit may claim a tax credit under Subsection
387     (3) if the claimant, estate, or trust confirms that the lessor irrevocably elects not to claim the tax
388     credit.
389          (ii) A claimant, estate, or trust described in Subsection (4)(g)(i) that leases a residential
390     energy system may claim as a tax credit under Subsection (3) only the principal recovery
391     portion of the lease payments.
392          (iii) A claimant, estate, or trust described in Subsection (4)(g)(i) that leases a
393     residential energy system may claim a tax credit under Subsection (3) for a period that does not
394     exceed seven taxable years after the date the lease begins, as stated in the lease agreement.
395          (h) If a claimant, estate, or trust sells a residential unit to another person before the
396     claimant, estate, or trust claims the tax credit under Subsection (3):
397          (i) the claimant, estate, or trust may assign the tax credit to the other person; and
398          (ii) (A) if the other person files a return under Chapter 7, Corporate Franchise and
399     Income Taxes, the other person may claim the tax credit as if the other person had met the
400     requirements of Section 59-7-614 to claim the tax credit; or
401          (B) if the other person files a return under this chapter, the other person may claim the
402     tax credit under this section as if the other person had met the requirements of this section to
403     claim the tax credit.
404          (5) (a) Before a claimant, estate, or trust may claim a tax credit under this section, the
405     claimant, estate, or trust shall obtain a written certification from the office.
406          (b) The office shall issue a claimant, estate, or trust a written certification if the office

407     determines that:
408          (i) the claimant, estate, or trust meets the requirements of this section to receive a tax
409     credit; and
410          (ii) the office determines that the residential energy system with respect to which the
411     claimant, estate, or trust seeks to claim a tax credit:
412          (A) has been completely installed;
413          (B) is a viable system for saving or producing energy from renewable resources; and
414          (C) is safe, reliable, efficient, and technically feasible to ensure that the residential
415     energy system uses the state's renewable and nonrenewable energy resources in an appropriate
416     and economic manner.
417          (c) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the
418     office may make rules:
419          (i) for determining whether a residential energy system meets the requirements of
420     Subsection (5)(b)(ii); and
421          (ii) for purposes of determining the amount of a tax credit that a claimant, estate, or
422     trust may receive under Subsection (4), establishing the reasonable costs of a residential energy
423     system, as an amount per unit of energy production.
424          (d) A claimant, estate, or trust that obtains a written certification from the office shall
425     retain the certification for the same time period a person is required to keep books and records
426     under Section 59-1-1406.
427          (6) A tax credit under this section is in addition to any tax credits provided under the
428     laws or rules and regulations of the United States.
429          (7) A purchaser of one or more solar units that claims a tax credit under Section
430     59-10-1024 for the purchase of the one or more solar units may not claim a tax credit under this
431     section for that purchase.
432          Section 3. Section 63I-1-254 is amended to read:
433          63I-1-254. Repeal dates -- Title 54.

434          (1) The language of Subsection 54-4-13.4(1)(a)(ii) after "do not exceed $5,000,000 in
435     any calendar year" is repealed July 1, 2018.
436          (2) Subsection 54-7-13.5(2)(d) is repealed on December 31, 2019.
437          (3) Title 54, Chapter 15, Net Metering of Electricity, is repealed January 1, 2036.
438          Section 4. Retrospective operation.
439          This bill has retrospective operation for a taxable year beginning on or after January 1,
440     2018.