No. 42399 (5-year Review): Rule R362-2. Renewable Energy Systems Tax Credits

DAR File No.: 42399
Filed: 12/18/2017 03:23:30 PM

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Pursuant to Sections 59-7-614, 59-10-1014, and 59-10-1106, the Office of Energy Development may make rules that are necessary to implement renewable energy tax credits for corporate and individual income tax filers.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

The Office of Energy Development has not received any written comments supporting or opposing this rule.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

This rule should be continued because in the absence of it, the Renewable Energy Systems Tax Credit would not have the legal and administrative framework that it requires in order to be carried out responsibly. This rule is an invaluable guide both due to its definitions, as well as its detailed delineation of tax credit qualification criteria and tax credit application and administration processes. Without this rule, the Renewable Energy Systems Tax Credit would lack the detailed legal underpinning that it absolutely requires in order to operate as intended.

The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:

Governor
Energy Development (Office of)
60 E SOUTH TEMPLE 3RD FLR
Salt Lake City, UT 84111

Direct questions regarding this rule to:

• Robert Simmons at the above address, by phone at 801-657-2867, by FAX at , or by Internet E-mail at [e-mail]

Effective:

12/18/2017

Authorized by:

Laura Nelson, Executive Director

---