UT HB0185

Creates the Carbon Credit Litigation Fund to receive money from judgments, settlements, or compromises related to alleged violations of carbon credit sale/marketing laws or carbon credit transaction laws

Attorney General may use fund money to prevent federal requirements for cap and trade programs, mandatory carbon emissions reporting, greenhouse gas-related claims against the state, or climate remediation programs, and to recover fraudulently transferred carbon credits

State entities selling or exchanging carbon credits must obtain a digital identification number and report transaction details to the state auditor, including the carbon emission offset description and negotiated sale terms

State auditor must report annually by November 30 to the Natural Resources, Agriculture, and Environmental Quality Appropriations Subcommittee on revenue generated from state entity carbon credit sales

Expands definition of "carbon credit" to include natural asset credits and payments for preservation of natural/biological processes, while excluding regulated pollutants under the Clean Air Act and industrial uses of liquefied carbon dioxide