MINUTES OF THE

SENATE REVENUE AND TAXATION STANDING COMMITTEE

Room 250, Utah State Capitol

March 3, 2015

Members Present: Sen. Deidre M. Henderson, Chair

Sen. Curtis S. Bramble

Sen. Gene Davis

Sen. Jim Dabakis,

Sen. Wayne Harper

Sen. Howard Stephenson

Member Excused: President Wayne L. Niederhauser

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 8:06 a.m.

MOTION: Sen. Harper moved to approve the minutes of the February 27, 2015 meeting. The motion passed unanimously with Sen. Bramble, Sen. Davis, and Sen. Stephenson absent for the vote.

S.B. 267 Sales and Use Tax Exemption Amendments (Sen. J. S. Adams)

This bill was not considered.

S.B. 273 Higher Education Tax Credits (Sen. J. Dabakis)

Sen. Dabakis explained the bill to the committee.

Spoke to the bill: John Valentine, Commissioner, State Tax Commission

MOTION: Sen. Dabakis moved S.B. 273 be replaced with 1^st Sub. 273. The motion passed unanimously with Sen. Davis absent for the vote.

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

H.B. 211 Armed Forces Property Tax Exemption Amendments (Rep. C. Oda)

Rep. Oda explained the bill to the committee.

Spoke for the bill: Dennis McFall, Deputy Director, Department of Veterans Affairs

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

MOTION: Sen. Harper moved to place the bill on the Consent Calendar. The motion passed unanimously.

H.B. 256 Revenue Reviews For Certain Funds (Rep. Eliason)

Rep. Eliason explained the bill to the committee.

Spoke to the bill: John Valentine, Commissioner, State Tax Commission

MOTION: Sen. Bramble moved H.B. 256 be replaced with 1^st Sub. H.B. 256. The motion passed unanimously.

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

MOTION: Sen. Bramble moved to place the bill on the Consent Calendar. The motion passed unanimously.

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

Chair Henderson adjourned the meeting at 8:46 a.m.

__________________________

Sen. Deidre M. Henderson, Chair