Legislation was passed in Utah providing an exemption for sales or leases of semiconductor processing materials, from July 1, 2001 through June 30, 2004. The tax will be phased out completely after June 30, 2004. There are three stages of phasing in the exemption:
1. Beginning on July 1, 2001 through June 30, 2002, 10% of the sale or lease is exempt;
2. Beginning on July 1, 2002 through June 30, 2003, 50% of the sale or lease is exempt; and
3. Beginning on July 1, 2003 through June 30, 2004, 100% of the sale or lease is exempt .
(Utah Legislation Session SB 174, Effective July 1, 2001)