Utah Adds District Energy Systems as Qualifying High Cost Infrastructure Development Tax Credit Projects

The Utah Governor signed a law modifying the High Cost Infrastructure Development Tax Credit Act to include district energy systems. The law includes: 1) modifying provisions regarding heat corporations to address cooling plants; 2) adding district energy systems as qualifying energy delivery projects; and 3) establishing investment thresholds for district energy systems to qualify for high cost infrastructure tax credits. The law takes effect on May 7. [H.B. 350, enacted 03/25/25]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.