1st Sub. S.B. 64
         TAX COMMISSION REVISIONS

Senate Floor Amendments

Amendment 3 February 25, 1999 1:33 PM



Senator Valentine proposes the following amendments:

1.    Page 1, Line 16:    After "REFUND;" delete "AND" and after "CHANGES" insert "; AND PROVIDING A COORDINATION CLAUSE"

2.    Page 2, Line 51:    After "(c)" insert "(i)"

3.    Page 2, Line 53:    After "30 days" insert ", unless the commission determines that extraordinary circumstances require a longer period of extension" and after Line 53 insert:
        (ii) The commission shall grant a person, or an officer or agent of that person, an extension for filing the statement under Subsection (1)(a) for a time period not exceeding 30 days if:
        (A) a federal regulatory agency requires the taxpayer to file a statement that contains the same information as the statement under Subsection (1)(a); and
        (B) the person, or an officer or agent of that person, requests the commission to grant the extension."

4.    Page 5, Line 126:    After "(c)" insert "(i)"

5.    Page 5, Line 127:    After "30 days" insert ", unless the commission determines that extraordinary circumstances require a longer period of extension" and after Line 127 insert:
        (ii) The commission shall grant a person, or an officer or agent of that person, an extension for filing the statement under Subsection (1)(a) for a time period not exceeding 30 days if:
        (A) a federal regulatory agency requires the taxpayer to file a statement that contains the same information as the statement under Subsection (1)(a); and
        (B) the person, or an officer or agent of that person, requests the commission to grant the extension."


6.    Page 6, Line 180
    Committee Report Item #3
    dated 2-22-99
    Senate Revenue and Taxation
    Standing Committee:    After "Subsection (2)(c)" delete "or Section 19-2-124"

7.    Page 9, Line 250:    After line 250 insert:
        "Section 5. Coordination clause.
         If this bill and S.B. 76, Sales and Use Tax Exemption for Pollution Control Facilities, both pass, it is the intent of the Legislature that Subsection 59-12-110 (2)(b) shall read:
        "(2) Except as provided in Subsection (2)(c) or Section 19-2-124 , a taxpayer shall file a claim with the commission to obtain a refund or credit under this Subsection (2) within three years from the day on which the taxpayer overpaid the tax, penalty, or interest.""