(B) the tax rate the state imposes in accordance with Part 18, Additional State Sales and Use Tax
Act, if the location of the transaction as determined under Sections 59-12-211 through 59-12-215 is in a
county in which the state imposes the tax under Part 18, Additional State Sales and Use Tax Act; and
3. Page
76, Line 2348 through Page 77, Line 2358
:
2348
[(e)] (d) (i) [A state tax and a local tax is imposed on an entire] For a bundled
2349
transaction [as provided in this Subsection (2)(e) if the bundled transaction] that is attributable
2350
to food and food ingredients and tangible personal property other than food and food
2351
ingredients[. (ii) If the tax on a bundled transaction described in Subsection (2)(e)(i) is
2352
collected by a seller other than a seller that collects a tax in accordance with Subsection
2353
59-12-107
(1)(b), beginning on January 1, 2007], a state tax and a local tax is imposed on the
2354
entire bundled transaction equal to the sum of:
2355
(A) a state tax imposed on the entire bundled transaction
{
at
}
equal to the sum of:
(I)
the tax rate described in
2356
Subsection (2)(a)(i)
(A)
; and
(II) the tax rate the state imposes in accordance with Part 18, Additional State Sales and Use Tax
Act, if the location of the transaction as determined under Sections 59-12-211 through 59-12-215 is in a
county in which the state imposes the tax under Part 18, Additional State Sales and Use Tax Act; and
2357
(B) a local tax imposed on the entire bundled transaction at the sum of the tax rates
2358
described in Subsection (2)(a)(ii).
4. Page
78, Lines 2391 through 2397
:
2391
[(f)] (e) Subject to Subsections (2)[(g)] (f) and [(h)] (g), a tax rate repeal or tax rate
2392
change for a tax rate imposed under the following shall take effect on the first day of a calendar
2393
quarter:
2394
(i) Subsection (2)(a)(i)
(A)
;
2395
(ii) Subsection (2)(b)(i);
2396
(iii) Subsection (2)(c)(i); or
2397
(iv) Subsection (2)(d)(i)(A)
(I)
[;].
5. Page
78, Lines 2400 through 2407
:
2400
[(g)] (f) (i) [For a transaction described in Subsection (2)(g)(iii), a] A tax rate increase
2401
shall take effect on the first day of the first billing period that begins after the effective date of
2402
the tax rate increase if the billing period for the transaction begins before the effective date of a
2403
tax rate increase imposed under:
2404
(A) Subsection (2)(a)(i)
(A)
;
2405
(B) Subsection (2)(b)(i);
2406
(C) Subsection (2)(c)(i); or
2407
(D) Subsection (2)(d)(i)(A)
(I)
[;].
6. Page
78, Line 2410 through Page 79, Line 2418
:
2410
(ii) [For a transaction described in Subsection (2)(g)(iii), the] The repeal of a tax or a
2411
tax rate decrease shall take effect on the first day of the last billing period that began before the
2412
effective date of the repeal of the tax or the tax rate decrease if the billing period for the
2413
transaction begins before the effective date of the repeal of the tax or the tax rate decrease
2414
imposed under:
2415
(A) Subsection (2)(a)(i)
(A)
;
2416
(B) Subsection (2)(b)(i);
2417
(C) Subsection (2)(c)(i); or
2418
(D) Subsection (2)(d)(i)(A)
(I)
[;].
7. Page
79, Lines 2432 through 2441
:
2432
[(h)] (g) (i) For a tax rate described in Subsection (2)[(h)] (g)(ii), if a tax due on a
2433
catalogue sale is computed on the basis of sales and use tax rates published in the catalogue, a
2434
tax rate repeal or change in a tax rate takes effect:
2435
(A) on the first day of a calendar quarter; and
2436
(B) beginning 60 days after the effective date of the tax rate repeal or tax rate change.
2437
(ii) Subsection (2)[(h)] (g)(i) applies to the tax rates described in the following:
2438
(A) Subsection (2)(a)(i)
(A)
;
2439
(B) Subsection (2)(b)(i);
2440
(C) Subsection (2)(c)(i); or
2441
(D) Subsection (2)(d)(i)(A)
(I)
[;].
8. Page
80, Lines 2446 through 2451
:
2446
(3) (a) Except as provided in Subsections (4) through [(10)] (9), the following state
2447
taxes shall be deposited into the General Fund:
2448
(i) the tax imposed by Subsection (2)(a)(i)
(A)
;
2449
(ii) the tax imposed by Subsection (2)(b)(i);
2450
(iii) the tax imposed by Subsection (2)(c)(i); or
2451
(iv) the tax imposed by Subsection (2)(d)(i)(A)
(I)
[;].
9. Page
85, Lines 2615 through 2625
:
2615
[(9)] (8) (a) Notwithstanding Subsection (3)(a), in addition to the amount deposited in
2616
Subsection (7)(a), and until Subsection [(9)] (8)(b) applies, for a fiscal year beginning on or
2617
after July 1, 2007, the Division of Finance shall deposit into the Centennial Highway Fund
2618
Restricted Account created by Section
72-2-118
a portion of the taxes listed under Subsection
2619
(3)(a) equal to 8.3% of the revenues collected from the following taxes, which represents a
2620
portion of the approximately 17% of sales and use tax revenues generated annually by the sales
2621
and use tax on vehicles and vehicle-related products:
2622
(i) the tax imposed by Subsection (2)(a)(i)
(A)
;
2623
(ii) the tax imposed by Subsection (2)(b)(i);
2624
(iii) the tax imposed by Subsection (2)(c)(i); and
2625
(iv) the tax imposed by Subsection [(2)(e)(ii)(A)] (2)(d)(i)(A)
(I)
.
10. Page
85, Line 2626 through Page 86, Line 2638
:
2626
(b) Notwithstanding Subsection (3)(a) and in addition to the amounts deposited under
2627
Subsection (7)(b), when the highway general obligation bonds have been paid off and the
2628
highway projects completed that are intended to be paid from revenues deposited in the
2629
Centennial Highway Fund Restricted Account as determined by the Executive Appropriations
2630
Committee under Subsection
72-2-118
(6)(d), the Division of Finance shall deposit into the
2631
Transportation Investment Fund of 2005 created by Section
72-2-124
a portion of the taxes
2632
listed under Subsection (3)(a) equal to 8.3% of the revenues collected from the following taxes,
2633
which represents a portion of the approximately 17% of sales and use tax revenues generated
2634
annually by the sales and use tax on vehicles and vehicle-related products:
2635
(i) the tax imposed by Subsection (2)(a)(i)
(A)
;
2636
(ii) the tax imposed by Subsection (2)(b)(i);
2637
(iii) the tax imposed by Subsection (2)(c)(i); and
2638
(iv) the tax imposed by Subsection [(2)(e)(ii)(A)] (2)(d)(i)(A)
(I)
.
11. Page
278, Lines 8601 through 8602
:
8601
(b) (i) [For a transaction described in Subsection (9)(b)(iii), if] If the billing period for
8602
{
the
}
a
transaction begins before the effective date of the enactment of the tax or tax rate increase
12. Page
278, Lines 8606 through 8607
:
8606
(ii) [For a transaction described in Subsection (9)(b)(iii), if] If the billing period for
{
the
}
a
8607
transaction begins before the effective date of the repeal of the tax or the tax rate decrease
13. Page
279, Lines 8644 through 8645
:
8644
(e) (i) [For a transaction described in Subsection (9)(e)(iii), if] If the billing period for
8645
{
the
}
a
transaction begins before the effective date of the enactment of the tax or a tax rate increase
14. Page
280, Lines 8649 through 8650
:
8649
(ii) [For a transaction described in Subsection (9)(e)(iii), if] If the billing period for
{
the
}
a
8650
transaction begins before the effective date of the repeal of the tax or the tax rate decrease
Page 1 of 4
hb0206.sfa.03.wpd
LRGC
Rrockwell
Rrockwell