UtahUtah state entities report carbon credit sales before transactions
Before selling or exchanging carbon credits, Utah state entities must report the credit's source and negotiated terms to the state auditor, with an exception for certain trust land activities.
What it does
Before selling or exchanging a carbon credit, state entities must get an identification number and report the credit's source and negotiated terms to the state auditor. The rule excludes environmental commodities created through activity on school or institutional trust lands.
The attorney general may use money in a special fund to address certain carbon credit and greenhouse gas matters, including recovering credits or profits from fraudulent sales. The fund receives specified legal recoveries after litigation expenses are repaid, but this bill adds no money to it.
Argument forYearly reports may help lawmakers track state carbon credit sales because the auditor reports revenue and summarizes the transactions state entities report.
Argument againstThe required steps could slow a sale because state entities must get a credit number and report details before selling or exchanging a carbon credit.
More detail
Before selling or exchanging a carbon credit, a state entity must get an identification number and report transaction details to the state auditor. This covers state entities selling or exchanging carbon credits. They report the credit number, the offset's source, and the terms negotiated with a potential buyer. The reporting requirements do not apply to an environmental commodity created from activity on school or institutional trust lands. The state entity must report before it sells or exchanges the credit.
The attorney general may use money in the Carbon Credit Litigation Fund for specified carbon credit and greenhouse gas matters. The attorney general or a designee authorizes spending from the fund. Administrative costs are allowed only when directly tied to the fund's listed purposes. The fund may receive money from judgments, settlements, or compromises over alleged legal violations involving carbon credit sales or marketing, after the attorney general is repaid for related litigation expenses. The Legislature may also appropriate money to the fund, but this bill makes no appropriation. The attorney general may use the money to prevent certain federal requirements or claims related to greenhouse gas emissions, or to recover a carbon credit or its profit after a fraudulent sale transfers it out of the state. By November 30 each year, the attorney general must report the fund's status, money received and spent, and funded programs and services to a legislative committee.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 25Governor Spencer Cox SignedBecame Law
- Mar 12House/ to GovernorTo Governor
- Mar 12House/ received enrolled bill from PrintingMinor
- Mar 11House/ enrolled bill to Printing
- Mar 11Enrolled Bill Returned to House or SenateMinor
- Mar 6Draft of Enrolled Bill Prepared
- Mar 6Bill Received from House for EnrollingMinor
- Mar 5House/ signed by Speaker/ sent for enrollingMajor
- Vote recorded Senate/ passed 2nd & 3rd readings/ suspension. Result: pass.Upper
- Mar 5House/ received from SenateMinor
- Mar 5Senate/ to House
- Mar 5Senate/ signed by President/ returned to HouseMajor
- Mar 5Senate/ passed 2nd & 3rd readings/ suspensionPassed Senate
- Mar 5Senate/ 2nd & 3rd readings/ suspensionMinor
- Mar 5Senate/ Rules to 2nd Reading Calendar
- Mar 5Senate/ 2nd Reading Calendar to Rules [Senate Rules Committee]Minor
- Mar 5Senate/ placed on 2nd Reading Calendar
- Mar 5Senate/ committee report favorable [Senate Revenue and Taxation Committee]Minor
- Mar 4Senate Comm - Favorable Recommendation [Senate Revenue and Taxation Committee]Minor
- Mar 4Senate/ to standing committee [Senate Revenue and Taxation Committee]Minor
- Mar 3Senate/ 1st reading (Introduced)Minor
- Mar 3LFA/ fiscal note publicly available for HB0185S04
- Mar 3LFA/ fiscal note sent to sponsor for HB0185S04
- Mar 2Senate/ received from HouseMinor
- Vote recorded House/ passed 3rd reading. Result: pass.Lower
- Mar 2House/ to Senate
- Mar 2House/ passed 3rd readingPassed House
- Mar 2House/ substituted
- Mar 2House/ 3rd readingMinor
- Mar 2LFA/ fiscal note publicly available for HB0185S03
- Mar 2LFA/ bill sent to agencies for fiscal input for HB0185S04
- Mar 2LFA/ bill assigned to staff for fiscal analysis for HB0185S04
- Feb 28LFA/ fiscal note sent to sponsor for HB0185S03
- Feb 27House/ 2nd readingMinor
- Feb 27House/ comm rpt/ substituted [House Revenue and Taxation Committee]
- Feb 27House Comm - Favorable Recommendation [House Revenue and Taxation Committee]Minor
- Feb 27House Comm - Substitute Recommendation [House Revenue and Taxation Committee]Major
- Feb 27LFA/ bill sent to agencies for fiscal input for HB0185S03
- Feb 27LFA/ bill assigned to staff for fiscal analysis for HB0185S03
- Feb 12House Comm - Held [House Revenue and Taxation Committee]
- Feb 12House Comm - Amendment Recommendation [House Revenue and Taxation Committee]Minor
- Feb 12LFA/ fiscal note publicly available for HB0185S02
- Feb 11LFA/ fiscal note sent to sponsor for HB0185S02
- Feb 10House/ to standing committee [House Revenue and Taxation Committee]Minor
- Feb 10Bill Substituted by Sponsor in House Rules Comm [House Rules Committee]Major
- Feb 9House/ received fiscal note from Fiscal AnalystMinor
- Feb 9LFA/ fiscal note publicly available for HB0185
- Feb 9LFA/ bill sent to agencies for fiscal input for HB0185S02
- Feb 9LFA/ bill assigned to staff for fiscal analysis for HB0185S02
- Jan 29LFA/ fiscal note sent to sponsor for HB0185S01
- Jan 27LFA/ bill sent to agencies for fiscal input for HB0185S01
- Jan 27LFA/ bill assigned to staff for fiscal analysis for HB0185S01
- Jan 20House/ 1st reading (Introduced)Minor
- Jan 19LFA/ fiscal note sent to sponsor for HB0185
- Jan 14House/ received bill from Legislative ResearchMinor
- Jan 7LFA/ bill sent to agencies for fiscal input for HB0185
- Jan 7LFA/ bill assigned to staff for fiscal analysis for HB0185
- Jan 7Numbered Bill Publicly Distributed
- Jan 7Bill Numbered but not DistributedIntroduced
Environment & EnergyGovernment & Ethics