4/29/19

At a press conference Friday at the Panther Creek Energy facility in Carbon County, Senator David Argall and Senator John T. Yudichak unveiled a bipartisan legislative proposal to help aid the state’s threatened coal refuse industry. 

This legislation will grant a 10-year extension of the Coal Refuse Energy and Reclamation Tax Credit from the current mandated year of 2026 to 2036. The legislation would also increase the maximum amount of tax credits to $45,000,000. 

One of the provisions of the bill would also suspend the tax credit if a federal tax credit program is later adopted which would either equal or exceed the state program. 

A co-sponsorship memo for the bill is being circulated in the Senate. A companion bill will also be introduced in the House of Representatives.