Full text of Utah Utah Code § 79-6-1301 — Definitions., with citation guidance and answers to common questions.
§ 79-6-1301. Definitions.
Effective 5/6/2026 79-6-1301.
Definitions. As used in this part:
(1)
(a)
"Carbon credit" means a payment or offer of payment, or other financial compensation or benefit, for a carbon emission offset.
(b)
"Carbon credit" includes a natural asset credit.
(c)
"Carbon credit" does not include a payment or offer of payment related to:
(i)
a right or interest associated with a regulated pollutant, as that term is defined in Title V of the 1990 Clean Air Act; or
(ii)
an industrial or commercial use of liquefied carbon dioxide.
(2)
"Carbon emission offset" means:
(a)
a reduction in the amount of greenhouse gas present in the atmosphere; or
(b)
an amount of greenhouse gas prevented from entering the atmosphere.
(3)
"Digital identification number" means an identification number assigned to a carbon credit by a governmental or accredited third-party verification entity that certifies or registers a carbon credit for sale or exchange.
(4)
"Greenhouse gas" means:
(a)
carbon dioxide or a gas emission converted into a carbon dioxide equivalent; or
(b)
methane.
(5)
"Natural asset company" means the same as that term is defined in Section 63L-13-101.
(6)
(a)
"Natural asset credit" means a payment or offer of payment, or other financial compensation or benefit:
(i)
for the preservation of a natural and biological process on a parcel of land; or
(ii)
by a natural asset company for an activity described in Section 63L-13-203.
(b)
"Natural asset credit" does not include:
(i)
the commercial extraction, production, or sale of a natural or agricultural resource; or
(ii)
a right or interest associated with the beneficial use or appropriation of water.
(7)
"State entity" means a department, commission, board, council, agency, institution of higher education, officer, corporation, fund, division, office, committee, authority, laboratory, library, unit, bureau, panel, or other administrative unit of the state.
(8)
(a)
"State funds" means:
(i)
money appropriated by the Legislature; and
(ii)
a bond issued by a state entity that creates a carbon emission offset.
(b)
"State funds" does not include money or financial benefit in the form of:
(i)
a tax incentive;
(ii)
a permit or an activity related to the development of a permit issued by a state entity; or
Section 79-6-1301 ("Definitions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 79-6-1301?
A common citation format is "Utah Code § 79-6-1301" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 79-6-1301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
