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February 20, 2009
Mr. President:
The Government Operations and Political Subdivisions Committee reports a favorable
recommendation on S.B. 162, USE OF CAMPAIGN FUNDS AMENDMENTS, by Senator J.
Valentine, with the following amendments:
Respectfully,
Peter C. Knudson
Voting: 4-1-2
1. Page
2, Lines 42 through 44
:
42
(4)
A
}
(a) Except as provided in Subsection (4)(b) and Section 20A-11-
402, a
person who is no longer a state office candidate may not expend or transfer the
43
monies in a campaign account in a manner that would cause the former state office
candidate to
44
recognize the monies as taxable income under federal tax law.
2. Page
2, Line 58 through Page 3, Line 60
:
58
(5)
A
}
(a) Except as provided in Subsection (5)(b) and Section 20A-11-
402, a
person who is no longer a legislative office candidate may not expend or transfer
59
the monies in a campaign account in a manner that would cause the former legislative
office
60
candidate to recognize the monies as taxable income under federal tax law.
3. Page
3, Lines 76 through 78
:
76
(4)
A
}
person who is no
longer an officeholder may not expend or transfer the monies in
77
a campaign account in a manner that would cause the former officeholder to recognize the
78
monies as taxable income under federal tax law.
4. Page
4, Lines 94 through 96
:
94
(5)
A
}
(a) Except as provided in Subsection (5)(a) and Section 20A-11-
402, a
person who is no longer a school board candidate may not expend or transfer the
95
monies in a campaign account in a manner that would cause the former school board
candidate
96
to recognize the monies as taxable income under federal tax law.
Committee Chair
3 SB0162.SC1.wpd rnorth/RCN CRP/BNC 2/20/09 2:35 pm
Bill Number
*SB0162*
SB0162