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Repealing oil pipeline tax breaks is alive again!

By Jason | March 10, 2010

  Yesterday in the State Senate Sen. Dave Knudson amended House Bill 1060 to include the language from my bill HB 1246 which repeals the tax breaks for oil pipelines.  I appreciate the support in the Senate for this amendment and I think it only makes the bill better.  Hopefully throughout the conference committee process this language will stay intact.

Below is an excerpt from the Senate Journal:

  HB 1060: FOR AN ACT ENTITLED, An Act to revise certain provisions regarding the refunds for new or expanded agricultural facilities and the refunds for new or expanded business facilities, to repeal the contractors’ excise tax on new or expanded power production facilities, and to make certain transfers to the revolving economic development and initiative fund.

    Was read the second time.

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    Sen. Knudson moved that HB 1060 be further amended as follows:

 

    On page 7 of the Senate State Affairs Committee engrossed bill, delete lines 9 to 15, inclusive, and insert:
    ”Section 18. That § 10-45B-1.1 be amended to read as follows:

    10-45B-1.1. For the purposes of this chapter, the term, new business facility, means a new building or structure or the expansion of an existing building or structure, including a power generation facility, the construction of which is subject to the contractor’s excise tax pursuant to chapter 10-46A or 10-46B. A new business facility does not include any building or structure:

            (1)    Used predominantly for the sale of products at retail, other than the sale of electricity at retail, to individual consumers;
            (2)    Used predominantly for residential housing or transient lodging;

            (3)    Used predominantly to provide health care services; or

            (4)    That is not subject to ad valorem real property taxation or equivalent taxes measured by gross receipts; or

            (5)    Used predominantly for the transportation or transmission of oil or crude oil by means of a pipeline
    Which motion prevailed.
 

    The question being “Shall HB 1060 pass as amended?”

    And the roll being called:

    Yeas 19, Nays 16, Excused 0, Absent 0

    Yeas:
Adelstein; Ahlers; Dempster; Fryslie; Garnos; Hansen (Tom); Hanson (Gary); Heidepriem; Hundstad; Hunhoff (Jean); Jerstad; Kloucek; Knudson; Miles; Nesselhuf; Rhoden; Tieszen; Turbak Berry; Vehle

    Nays:
Abdallah; Bartling; Bradford; Brown; Gant; Gillespie; Gray; Haverly; Howie; Maher; Merchant; Nelson; Novstrup (Al); Olson (Russell); Peterson; Schmidt

    So the bill having received an affirmative vote of a majority of the members-elect, the President declared the bill passed.

    The question being on the title.

1060ftc
    Sen. Knudson moved that the title to HB 1060 be amended as follows:

    On page 1 of the Senate State Affairs Committee engrossed bill, delete line 4, and insert “exempt certain new business facilities from tax refunds.”.
    Which motion prevailed.
 

 

 

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