This is an archived article that was published on sltrib.com in 2011, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Gov. Gary Herbert signed legislation Monday expanding Utah's incentive to filmmakers who make movies in Utah, halting the investment of Utah retirement funds in Iran's petroleum industry and cracking down on real estate fraud.
Those bills were just a few of 24 that Herbert signed on Monday.
House Bill 99, sponsored by House Majority Whip Greg Hughes, R-Draper, expands the motion picture tax credits the state offers to include animated films and increases the amount filmmakers might be eligible to receive from 20 percent of what is invested in the state to 25 percent of the total investment.
Herbert also signed Senate Bill 112, sponsored by Sen. Curt Bramble, R-Provo, which bars future investment of Utah state employee retirement funds from about two dozen companies that have done significant business with Iran's petroleum industry.
Sponsors argued that Utah taxpayers shouldn't be investing money in the state-run petroleum sector when the money might be used to target U.S. soldiers or develop nuclear weapons.
And Senate Bill 151, sponsored by Sen. Ben McAdams, D-Salt Lake City, closes a loophole that has come into play in several high-profile fraud cases.
Securities fraud investigators have been hampered because targets of investigations have argued their dealings aren't covered by Utah securities law because the transactions included real estate.
The new law clarifies that securities law still applies in such cases.