1. (1) "Infrastructure" includes an energy delivery project designed to transmit, deliver or otherwise increase the capacity for the delivery of energy to a user.

2. (2) "Infrastructure-related revenue" means an amount of tax revenue for an entity creating a high cost infrastructure project in a taxable year that is directly attributable to the high cost infrastructure project, under:

   1. (a) Title 59, Chapter 7, Corporate Franchise and Income Taxes;
   2. (b) Title 59, Chapter 10, Individual Income Tax Act; and
   3. (c) Title 59, Chapter 12, Sales and Use Tax Act.
3. (3) For a fuel standard compliance project, as defined under Subsection 63M-4-602(2), infrastructure-related revenue means state revenues generated by an applicant after the completion of a fuel standard compliance project under: Title 59, Chapter 7, Corporate Franchise and Income Taxes; Title 59, Chapter 10, Individual Income Tax; and Title 59, Chapter 12, Sales and Use Tax Act.
4. (4) "Office" means the Governor's Office of Energy Development created under Section 63M-4-401.
5. (5) "Board" means the Utah Energy Infrastructure Authority Board created under Section 63H-2-202.
6. (6) "Tax credit" means a certificate issued by the Office and recognized by the Utah State Tax Commission to an infrastructure cost-burdened entity under Section 59-7-619 or Section 59-10-1034.

Terms in this rule are defined in Sections 63M-4-602, 63M-4-603, and 63M-4-604. In addition the following definitions apply:

KEY: incentives

Date of Last Change: January 11, 2021

Notice of Continuation: June 16, 2026

Authorizing, and Implemented or Interpreted Law: 63M-4-601