REVENUE AND TAXATION INTERIM COMMITTEE
Wednesday, September 18, 2024 | 8:30 AM | 445 State Capitol

1.    Committee Business

·         Approval of the minutes of the August 21, 2024, meeting

 

2.    Impacts of Utah Residents Registering Vehicles in Another State

The committee will hear from the State Tax Commission and the Division of Outdoor Recreation on the causes, impacts, and potential solutions to the issue of Utah residents purchasing and registering their vehicles in other states.

·         State Tax Commission

·         Jason Curry, Director, Division of Outdoor Recreation, Department of Natural Resources

 

3.    Property Tax Deferral Program and the Circuit Breaker Program

The committee will receive a presentation from the Utah Association of Counties on the use of the Property Tax Deferral Program and Homeowner’s Tax Credit and from the State Tax Commission on the Renter Refund.

·         Utah Association of Counties

·         State Tax Commission

 

4.    Centrally Assessed Property Tax Process

The committee will discuss the centrally assessed property tax process and potential statutory changes to improve the process.

·         Sen. McCay

 

5.    Property Tax Code Recodification – Draft Legislation

This draft legislation recodifies Title 59, Chapter 2, Part 12, Property Tax Relief, Title 59, Chapter 2, Part 18, Tax Deferral and Tax Assessment, and Title 59, Chapter 2, Part 19, Armed Forces Exemptions, and creates a General Provisions part that clarifies the procedures and rights available for each type of tax relief

·         Rep. Welton

 

6.    Property Tax Notice Amendments – Draft Legislation

This draft legislation requires a county auditor to include on the property tax valuation notice a statement that a property owner who is 75 years old or older may be eligible for a deferral on the property owner's primary residence and a telephone number to obtain information about how to apply for a deferral.

·         Sen. Fillmore

 

7.    Tax Credit Review

In accordance with Sections 59-7-159 and 59-10-137 the committee will review Income Tax Credits.

·         Committee staff

 

8.    Other Items/Adjourn