All Roll Calls
Yes: 212 • No: 19
UtahS.B. 2542026 General SessionSenateWALLET
Extracted Natural Resources Amendments
Sponsored By: Ann Millner (Republican)
Signed by Governor
Natural ResourcesMiningAdministrative Rulemaking and ProceduresIncome TaxProperty TaxSeverance TaxRevenue and TaxationPermitsTax CreditsNew Rulemaking Authority
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Bill Overview
Analyzed Economic Effects
6 provisions identified: 4 benefits, 0 costs, 2 mixed.
Bigger tax credit for mineral exploration
If you mine and pay Utah severance tax, you can claim an exploration credit. The credit is the smaller of 50% of certified new exploration costs or 30% of your severance tax from that work. A mine can receive up to $10 million total, or $15 million if big spend targets a mineral the U.S. imports over 50%. You can get certificates for up to 10 years. You may apply for tax years starting January 1, 2027; the program ends July 1, 2037.
New state reinvestment account and tax flows
Utah creates the State Reinvestment Restricted Account on July 1, 2026. New severance‑related revenue flows into it until it reaches $200 million each year, and the State Treasurer invests the money. The Legislature may use the account for income tax relief, major water and transit projects, Great Salt Lake work, energy, critical minerals, and a $400,000 air‑quality project. Each year, the first $1,000,000 from a named source and then 10% after that go to critical minerals work. Interest on certain severance‑tax earnings and some General Fund credits over $11,526,000 also move into the account starting FY2027. Up to $20 million a year of above‑trend revenue still goes to the Transportation Investment Fund until deposits total $88.5 million. The law moves $14.016 million one‑time into the account and repeals older infrastructure accounts on July 1, 2026. Some listed tax sections apply back to January 1, 2026.
Faster, parallel permits for critical minerals
Agencies prioritize permits for critical minerals projects that are in a designated zone or on the council’s plan. The Division of Oil, Gas, and Mining and the Department of Environmental Quality run permits in parallel and cut duplicate steps. These rules take effect May 6, 2026.
New minerals council, center, and data hub
Utah creates an 11‑member Critical Minerals Council inside the Department of Natural Resources. The council oversees a new Minerals Security Center and a statewide Critical Minerals Atlas. It runs the Critical Minerals Development Account to fund training, research, pilots, and grant matches, if the Legislature appropriates money. Council appropriations do not expire, and the council reports each year by October 1. The state provides $11,000,000 for FY2027 ($10,000,000 one‑time; $1,000,000 ongoing). Research programs also add critical minerals starting July 1, 2026, if H.B. 373 is law. Most items take effect May 6, 2026, with center plan reports due in Sept./Oct. 2026.
Zones steer projects and property tax flows
Counties, cities, and state land authorities can apply for a critical minerals zone, and the council must decide within 60 days. Inside a zone, a property’s base taxable value is fixed to the last assessment roll before the zone began, starting January 1, 2026. Each year, the extra property tax from growth in a zone goes to the council’s development account. Local governments may not grant incentives to extraction or processing projects outside a zone. Projects with a plan approved before May 6, 2026 keep their incentives.
Funding for Uintah Basin air research
Utah State University receives $400,000 for the Uintah Basin Air Quality Research Project in FY2026 and $400,000 in FY2027. The money comes from the State Reinvestment Restricted Account. USU must use the funds for the named research project. This funding is effective May 6, 2026.
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Sponsors & Cosponsors
Sponsor
Ann Millner
Republican • Senate
Cosponsors
David Shallenberger
Republican • House
Roll Call Votes
Senate vote • 3/6/2026
Senate Conference Committee - Final Passage
Yes: 20 • No: 1
Senate vote • 3/6/2026
Senate Motion to Adopt Joint Conference Comm Rpt
Yes: 0 • No: 0
House vote • 3/6/2026
House Conference Committee - Final Passage
Yes: 70 • No: 2
House vote • 3/6/2026
House Motion to Adopt Joint Conference Comm Rpt
Yes: 0 • No: 0
House vote • 3/5/2026
House/ passed 3rd reading
Yes: 60 • No: 12
House vote • 3/5/2026
House/ uncircled
Yes: 0 • No: 0
House vote • 3/5/2026
House/ substituted
Yes: 0 • No: 0
House vote • 3/5/2026
House/ floor amendment
Yes: 0 • No: 0
Senate vote • 3/5/2026
Senate/ circled
Yes: 0 • No: 0
Senate vote • 3/5/2026
Senate/ uncircled
Yes: 0 • No: 0
Senate vote • 3/5/2026
Senate/ refuse to concur with House amendments
Yes: 0 • No: 0
House vote • 3/5/2026
House/ refused to recede from House amendment
Yes: 0 • No: 0
House vote • 3/4/2026
House/ circled
Yes: 0 • No: 0
House vote • 3/2/2026
House Comm - Favorable Recommendation
Yes: 9 • No: 0
Senate vote • 2/24/2026
Senate/ passed 3rd reading
Yes: 21 • No: 2
Senate vote • 2/23/2026
Senate/ passed 2nd reading
Yes: 28 • No: 1
Senate vote • 2/23/2026
Senate/ substituted
Yes: 0 • No: 0
House vote • 2/9/2026
Senate Comm - Favorable Recommendation
Yes: 4 • No: 1
Actions Timeline
Governor Signed
3/26/2026Senate/ to Governor
3/13/2026SenateSenate/ received enrolled bill from Printing
3/13/2026SenateSenate/ enrolled bill to Printing
3/11/2026SenateEnrolled Bill Returned to House or Senate
3/11/2026Draft of Enrolled Bill Prepared
3/10/2026Bill Received from Senate for Enrolling
3/10/2026Senate/ signed by President/ sent for enrolling
3/6/2026SenateSenate/ received from House
3/6/2026SenateHouse/ to Senate
3/6/2026HouseHouse/ signed by Speaker/ returned to Senate
3/6/2026HouseHouse/ received from Senate
3/6/2026HouseSenate/ to House
3/6/2026SenateSenate Conference Committee - Final Passage
3/6/2026Senate Motion to Adopt Joint Conference Comm Rpt
3/6/2026Senate/ received from House
3/6/2026SenateHouse/ to Senate
3/6/2026HouseHouse Conference Committee - Final Passage
3/6/2026House Motion to Adopt Joint Conference Comm Rpt
3/6/2026Conference Committee Report
3/5/2026Bill Substituted by Conference Committee
3/5/2026Senate/ to House
3/5/2026SenateSenate Conference Committee Appointed
3/5/2026Senate/ received from House
3/5/2026SenateHouse/ to Senate
3/5/2026House
Bill Text
Enrolled
3/11/2026
Amended 3/5/2026 16:03:696
3/5/2026
Substitute #4
3/5/2026
Substitute #3
3/4/2026
Substitute #2
3/3/2026
Substitute #1
2/18/2026
Introduced
2/5/2026
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