Utah Office of Energy Development Repeals, Re-Enacts Regulations on Renewable Energy System Tax Credit

The Utah Office of Energy Development Aug. 15 repealed and re-enacted regulations on the Renewable Energy System Tax Credit for property tax purposes. The rules include measures: 1) cleaning up language and reducing redundancy of information; 2) implementing the responsibilities assigned to the office for the credit programs; 3) establishing requirements for eligibility for the credits and the criteria for determining the amount of such credits; and 4) establishing procedures for taxpayers to use when applying for the office certification of tax credit eligibility and tax credit amounts, and for the office to follow in reviewing such applications. The regulations ...