A Utah Senate committee approved a bill Friday that would specify state tax credits for alternative-energy producers and shift the program to the new Office of Energy Development.
SB65, sponsored by Sen. Stuart Adams, R-Layton, would award credits starting at 20 percent and going up to 75 percent for 20 to 30 years, depending on the duration of a project’s energy production. It would apply to everything from renewables to oil shale, tar sands and nuclear.
