MINUTES OF THE

SENATE REVENUE AND TAXATION STANDING COMMITTEE

Room 250, Utah State Capitol

February 13, 2014

 

Members Present:     Sen. Deidre M. Henderson, Chair

                                    Sen. J. Stuart Adams

                                    Sen. Curtis S. Bramble

                                    Sen. Jim Dabakis

                                    Sen. Gene Davis

                                    Sen. Wayne Harper

                                    Sen. Howard Stephenson

                                    Sen. John Valentine

 

Members Absent:      Sen. Scott Jenkins

 

Staff Present:             Mr. Leif Elder, Policy Analyst

                                    Ms. Nancy Skidmore, Committee Secretary

 

NOTE:  A list of visitors and a copy of handouts are filed with the committee minutes.

 

Chair Henderson called the meeting to order at 4:16 p.m.

 

MOTION:      Sen. Dubakis moved to approve the minutes of the February 12, 2014 meeting.  The motion passed unanimously with Sen. Bramble absent for the vote.    

 

H.B. 226         Severance Tax Amendments (Rep. J. Nielson)

 

Rep. Nielson explained the bill to the committee.

 

MOTION:      Sen. Dubakis moved to pass the bill out favorably.  The motion passed unanimously with Sen. Bramble absent for the vote.

 

S.B. 65                        Sales and Use Tax Exemption Modifications (Sen. H. Stephenson)

 

MOTION:      Sen. Stephenson moved to amend the bill as follows:

 

I.                    Page 70, Lines 2151 through 2156:   


                                       2151              (14) (a)  amounts paid or charged for a purchase or lease:

                                       2152              (i)  by a manufacturing facility located in the state; and

                                       2153              (ii)  of machinery, equipment, or normal operating repair or replacement parts if the

                                       2154             machinery, equipment, or normal operating repair or replacement parts  have an economic life of three or more years and are used  :

                               2155      (A)   {are used}    in the manufacturing process   to manufacture   {or process}   an   item sold as tangible personal property;   {and}    or  

                               2156      (B)    {have an economic life of three or more years}    for a scrap recycler, to process an item sold as tangible personal property  ;

 

The motion passed unanimously with Sen. Adams absent for the vote.

 

Sen. Stephenson explained the bill to the committee.

 

Spoke to the bill:         Steven Young, Tax Attorney, Holland and Hart Law Firm

 

Spoke for the bill:       Mark Compton, President, Utah Mining Association

 

MOTION:      Sen. Bramble moved to pass the bill out favorably.  The motion passed unanimously with Sen. Adams and Sen. Valentine absent for the vote.

 

Chair Henderson asked Sen. Jenkins to chair the meeting.

 

S.B. 61                        Revisions to Property Tax (Sen. D. Henderson)

 

Sen. Henderson explained the bill to the committee.

 

Spoke for the bill:       Arie Van de Camp, Legislative Analyst, Utah Association of Counties

                                    Heidi Erickson, Research Analyst, Utah Taxpayers Association

 

MOTION:      Sen. Valentine moved to pass the bill out favorably.  The motion passed unanimously with Sen. Adams absent for the vote.

 

MOTION:      Sen. Davis moved to adjourn.  The motion passed unanimously with Sen. Adams absent for the vote.

 

Chair Jenkins adjourned the meeting at 5:06.

 

 

 

__________________________

Sen. Deidre M. Henderson, Chair