MINUTES OF THE

SENATE REVENUE AND TAXATION STANDING COMMITTEE

Room 250, Utah State Capitol

February 4, 2015

Members Present: Sen. Deidre M. Henderson, Chair

Sen. Jim Dabakis,

Sen. Wayne Harper

Sen. Howard Stephenson

Members Excused: President Wayne L. Niederhauser

Sen. Gene Davis

Members Absent: Sen. Curtis S. Bramble

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 4:15 p.m.

MOTION: Sen. Harper moved to approve the minutes of the January 29, 2015 meeting. The motion passed unanimously.

S.B. 94 Corporate Franchise and Income Tax Amendments (Sen. H. Stephenson)

Sen. Stephenson explained the bill to the committee.

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

John Valentine, Commissioner, Utah State Tax Commission

MOTION: Sen. Stephenson moved S.B. 94 be replaced with 1^st Sub. S.B. 94. The motion passed unanimously.

MOTION: Sen. Harper moved to pass the bill out favorably. The motion passed with Sen. Dabakis voting in opposition.

S.J.R 6 Joint Resolution Urging Congress to Support Equity and Sales Tax Fairness (Sen. W. Harper)

Sen. Harper explained the bill to the committee.

Spoke to the bill: Dave Davis, President, Utah Food Industry Association, Utah Retailers Merchants Association

John Valentine, Commissioner, Utah State Tax Commission

Spoke against the bill: Jonathan Johnson, Executive Vice Chairman, Overstock.com

MOTION: Sen. Dabakis moved to pass the bill out favorably. The motion passed unanimously.

MOTION: Sen. Dabakis moved to adjourn. The motion passed unanimously.

Chair Henderson adjourned the meeting at 5:54 p.m.

__________________________

Sen. Deidre M. Henderson, Chair