House of Representatives State of Utah


         W030 STATE CAPITOL COMPLEX . P.O. BOX 145030
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        SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029         February 15, 2007

Mr. Speaker:

    The Revenue and Taxation Committee reports a favorable recommendation on 2nd Sub. S.B. 18, USE OF SEVERANCE TAX REVENUES, by Senator L. Hillyard, with the following amendments:

1.    Page 4, Lines 109 through 112 :    

             109          (2) "Mining base amount" means:
             110          (a)

{   $9,000,000   }        $5,000,000       for:

             111          (i) fiscal year 2007-08; or
             112          (ii) fiscal year 2008-09; and

2.    Page 4, Lines 115 through 118 :    

             115          (3) "Oil and gas base amount" means:
             116          (a)
{   $41,000,000   }        $20,000,000       for:

             117          (i) fiscal year 2007-08; or
             118          (ii) fiscal year 2008-09; and

    Respectfully,

    John Dougall
    Committee Chair

Voting: 11-2-2
3 SB0018.HC1.wpd 2/15/07 10:18 am bhowe/BRH ADO/PVD

Bill Number
Action Class
Action Code

*SB0018S02*
*H*
*HCRAMD*

 SB0018S02
H
HCRAMD