As used in this chapter:

1. (1) "Agreement" means the same as that term is defined in Section 59-12-102.
2. (2) "Certified service provider" means the same as that term is defined in Section 59-12-102.
3. (3) "Initial rate" means a rate of 0.32%.
4. (4) "Model 2 seller" means the same as that term is defined in Section 59-12-102.
5. (5) "Purchaser" means the same as that term is defined in Section 59-12-102.
6. (6) "Sales price" means the same as that term is defined in Section 59-12-102.
7. (7) "Secondary rate" means a rate of 0.75%.
8. (8) "Seller" means the same as that term is defined in Section 59-12-102.

Amended by Chapter 270, 2025 General Session