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State may offer refineries huge incentives to produce cleaner fuel
The Salt Lake Tribune: Oil refineries may be offered some huge state tax credits to upgrade to cleaner "Tier 3" fuels — and credits are bigger if they move more quickly.
The Senate Transportation Committee voted 4-0 on Monday to advance SB102 to the full Senate.
Senate Majority Leader Ralph Okerlund, R-Monroe, sponsor of the bill, said it would offer tax credits over several years totaling up to 50 percent of the cost of upgrading refineries to produce the cleaner Tier 3 fuels.
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