AGENDA

Utah Tax Review Commission

Utah Legislature

Friday, May 9, 2008 • 1:00 p.m. • Room C445 State Capitol

             1.   TRC Business

                        •    Call to Order

                        •    Approval of the minutes of the February 1, 2008 meeting

                        •    Proposed 2008 meeting dates

                        •    Constitutional Amendment B: Resolution Amending Permanent State Trust Fund

             2.   Review of Tax Related Legislation Enacted During the 2008 General Session

                        •    TRC Approved Legislation

                        •    Other Tax Related Legislation

             3.   TRC Studies for 2008

                        •    Proposed Working Group(s) to Study:

                              ►  Utah State Tax Commission Collection Practices

                              ►  Penalties and Interest on Taxes, Fees, or Charges Administered by the Utah State Tax Commission

                              ►  Apportionment of Income Tax Credits

                        •    Taxation of Pass-Through Entities

                        •    Fees and Costs in Tax Litigation

                        •    Sales and Use Tax Working Group

                        •    Oil and Gas Severance Taxes

                        •    State and Local Tax Burden

                        •    Streamlined Sales and Use Tax Agreement: Process for Utah's Membership on the Governing Board

                        •    Requirements for TRC Study's of the Sales and Use Tax Under H.B. 206

                        •    Other Studies

             4.   Oil and Gas Severance Taxes

                        •    Review of Study Requirement in Section 59-5-102

                        •    Overview of Previous TRC Studies

                        •    Public Comment

                        •    TRC Discussion and Direction for Future Action

             5.   Other Items / Adjourn