No. 30479 (Amendment): R865-9I-54. Renewable Energy Credit Amount Pursuant to Utah Code Ann. Sections 59-10-1014 and 59-10-1106

DAR File No.: 30479
Filed: 09/21/2007, 01:15
Received by: NL

RULE ANALYSIS

Purpose of the rule or reason for the change:

The purpose of the proposed section is to place in rule the commission's current policy of accepting amounts certified by the Utah State Energy Program as qualifying for the renewable energy tax credit.

Summary of the rule or change:

The proposed section establishes that the commission shall accept an amount for a renewable energy credit that is certified by the Utah State Energy Program according to its rules.

State statutory or constitutional authorization for this rule:

Sections 59-10-1014 and 59-10-1106

Anticipated cost or savings to:

the state budget:

None--The proposed section mirrors the commission's practice.

local governments:

None--The proposed section mirrors the commission's practice.

small businesses and persons other than businesses:

None--The proposed section mirrors the commission's practice.

Compliance costs for affected persons:

None--Persons who wish to claim this credit will continue to provide information to the Utah State Energy Program to determine the costs that qualify for the renewable energy tax credit.

Comments by the department head on the fiscal impact the rule may have on businesses:

There are no anticipated costs. D'Arcy Dixon, Commissioner

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

Tax Commission
Auditing
210 N 1950 W
SALT LAKE CITY UT 84134

Direct questions regarding this rule to:

Cheryl Lee at the above address, by phone at 801-297-3900, by FAX at 801-297-3919, or by Internet E-mail at [e-mail]

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

11/14/2007

This rule may become effective on:

11/21/2007

Authorized by:

D'Arcy Dixon, Commissioner

RULE TEXT

R865. Tax Commission, Auditing.

R865-9I. Income Tax.

R865-9I-54. Renewable Energy Credit Amount Pursuant to Utah Code Ann. Sections 59-10-1014 and 59-10-1106.

An amount certified by the Utah State Energy Program under rule R638-2, Renewable Energy Systems Tax Credit, as qualifying for the tax credit under Sections 59-10-1014 or 59-10-1106 shall, in the absence of fraud or misrepresentation, be the amount allowed by the commission as a credit under those sections.

 

KEY: historic preservation, income tax, tax returns, enterprise zones

Date of Enactment or Last Substantive Amendment: [April 16], 2007

Notice of Continuation: March 20, 2007

Authorizing, and Implemented or Interpreted Law: 59-10-1014; 59-10-1106