§ 15-24-3116 — Rules

15-24-3116 . Rules. (1) The department of revenue shall adopt rules for the implementation of this part, including the valuation of qualifying property and administration of property certified under 15-24-3112 or classified under 15-6-157 or 15-6-158 .
(2) The department of environmental quality shall adopt rules necessary for certification, compliance, and revocation of certificates, as provided in 15-24-3112 , and for classification as class fourteen property, as provided in 15-6-157 , or class fifteen property, as provided in 15-6-158 . The rules may include specifying procedures, including timeframes for certification application, and definitions necessary to identify property for certification and compliance. The percentage of the carbon dioxide produced by a facility that is to be sequestered or offset must be based on technology that is practically obtainable as determined by the department.

Legislative History

En. Sec. 6, Ch. 2, Sp. L. May 2007.