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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        February 20, 2008

Mr. President:

    The Revenue and Taxation Committee reports a favorable recommendation on 1st Sub. H.B. 351, INDIVIDUAL INCOME TAX - HEALTH INSURANCE, by Representative J. Dunnigan, with the following amendments:

1.    Page 1, Lines 23 through 24 :    

             23          This bill

{   has retrospective operation   }        takes effect       for taxable years beginning on or after January 1,

             24     
{   2008   }        2009       .


2.    Page 19, Lines 577 through 579
    House Committee Amendments
    2-7-2008 :    

             577          (2) Subject to Subsection (3), and except as provided in Subsection (4), for taxable
             578      years beginning on or after January 1,
{   2008   }        2009       , a claimant may claim a nonrefundable tax credit

             579      equal to the product of:

3.    Page 21, Lines 622 through 624 :    

             622          Section 5.
{   Retrospective operation   }        Effective date       .

             623          This bill
{   has retrospective operation   }        takes effect       for taxable years

beginning on or after January 1,


             624     
{   2008   }        2009       .


        Respectfully,

        Wayne L. Niederhauser
        Committee Chair

Voting: 5-0-3
3 HB0351.SC1.wpd bhowe/BRH RLR/BRH 2/20/08 5:12 pm

Bill Number
Action Class
Action Code

*HB0351S01*
*S*
*SCRAMD*

 HB0351S01
S
SCRAMD