AGENDA

 

REVENUE AND TAXATION INTERIM COMMITTEE

UTAH LEGISLATURE

 

November 27, 2017 • 9:00 a.m. • Room 445 State Capitol

 

1.    Committee Business

·         Call to order

·         Approval of the minutes of the November 15, 2017 meeting

 

2.    Deadlines for Property Tax Amendments

The committee will discuss draft legislation that would amend deadlines related to property taxes, including deadlines for assessing property, determining tax rates, and filing appeals.

·         Draft legislation “Deadlines for Property Tax Amendments” - Sen. David G. Buxton

·         Public comment

·         Committee discussion/action

 

3.    Homeless Funding

·         Rep. Eliason

·         Public comment

·         Committee discussion/action

 

4.    Certified Tax Rate Amendments

·         Draft legislation “Certified Tax Rate Amendments” - Sen. Bramble

·         Public comment

·         Committee discussion/action

 

5.    Tax Reform

The committee will discuss draft legislation that would amend the state’s tax system by addressing issues related to items 1a through 10 listed below.

·         Draft legislation “Tax Reform” - Committee staff

o   1a - Minimum Basic Tax Rate freeze at .001600

o   Public comment

 

o   1b - Uniform .0025 cap for School Board Local Levy

o   Public comment

 

o   2 - Truth-in-Taxation newspaper ad changes

o   Public comment

 

o   3 - Corporate franchise and income tax obligation (nexus)

o   Public comment

 

o   4 - Elimination of the net operating loss (NOL) carry back

o   Public comment

 

o   5 - Corporate apportionment and single sales factor

o   Public comment

 

o   6 - Accountability for income tax credits

o   Public comment

 

o   7 - Expansion of the manufacturing sales and use tax exemption

o   Public comment

 

o   8 - Sale taxation of streamed media and amusement devices

o   Public comment

 

o   9a - Registration fees and road usage charge program for electric vehicles

o   Public comment

 

o   9b - Electric vehicle tax credits

o   Public comment

 

o   10 - Property taxation of business personal property

o   Public comment

 

·         Committee discussion/action

 

6.    Other Items/Adjourn

 

 

Note: Around noon, the committee will recess for about 20 minutes so that lunch can be served to committee members. This will also give attendees an opportunity to get lunch if they so choose.