AGENDA

Revenue and Taxation Interim Committee

Utah Legislature

Wednesday, August 20, 2008 • 9:00 a.m. • Room C445 State Capitol

Approximate

Time Frame

9:00      1.   Committee Business

                        •    Call to Order

                        •    Approval of the minutes of the July 8, 2008 meeting

                        •    Committee Consideration of Draft Legislation -- Repeal of Certain Income Tax Credits and Contributions

9:10      2.   Sales Tax Exemption for Sales of Aviation Related Parts and Equipment              

                        •    Background Information and Options -- President Valentine

                        •    Invited Industry Comment

                        •    Public Comment

                        •    Committee Discussion and Direction for Future Action

9:30      3.   Highway Congestion Pricing                   

                        •    Overview of Highway Congestion Pricing -- Rep. Mike Krusee, Chair, House Committee on Transportation, Texas House of Representatives

                        •    Public Comment

                        •    Committee Discussion and Direction for Future Action

10:20    4.   Property Tax Study -- Centrally Assessed Property

                        •    Overview of Centrally Assessed Property, Valuation Trends, Property Taxes Paid by Centrally Assessed Taxpayers, and Appeals -- Bryant R. Howe, Assistant Director

                        •    Overview of the Valuation of Centrally Assessed Taxpayers by the Utah State Tax Commission -- Utah State Tax Commission

                        •    Invited Comment from Centrally Assessed Taxpayers

                        •    Comment from Utah Association of Counties

                        •    Public Comment

                        •    Committee Discussion and Direction for Future Action

11:20    5.   Property Tax Study -- Assessing and Collecting Levy

                        •    Introduction -- Sen. Niederhauser

                        •    Background Information -- Bryant R. Howe, Assistant Director

                        •    Use of Assessing and Collecting Levy Revenue -- Van Christensen and MacRay Curtis, Office of the State Auditor

                        •    Comment from Utah Association of Counties -- Brent Gardner, Executive Director

                        •    Public Comment

                        •    Committee Discussion and Direction for Future Action

12:00    6.   Other Items / Adjourn

                        •    Next meeting is Wednesday, September 17, 2008 at 9:00 a.m.