1.
Committee Business
·
Call
to Order
·
Approval
of the minutes of the June 18, 2025, meeting
2.
Revisor's
Technical Corrections to Utah Code - Draft Legislation
The committee will
consider draft legislation, “Revisor’s Technical Corrections to Utah Code,”
for inclusion in a potential special session. This draft legislation makes
technical corrections to the Utah Code.
·
Committee staff
·
Committee discussion
·
Public comment
·
Committee action
3.
Federal Tax Reform Update
Throughout the Interim,
the committee will be monitoring issues related to the status of the federal
bill, H.R. 1 and the potential impact on Utah.
·
Committee staff
·
Committee discussion
4.
Tax System Reliability and
Efficiency
The committee will hear
a presentation from Economists with the Kem C Gardner Policy Institute regarding
their work on tax system reliability and efficiency.
·
Phil Dean, Chief Economist,
Kem C Gardner Policy Institute
·
Maddy Oritt, Senior Public
Finance Economist, Kem C Gardner Policy Institute
·
Committee discussion
5.
Refundable
Economic Development Tax Credit (EDTIF)
As
part of the 5-year review cycle required by statute, the committee will review
the refundable economic development tax credit. The credit is found in
Sections 59-7-614.2, 59-10-1107, and 63N-2-1 of the Utah Code.
·
Committee staff
·
Jim Grover, Managing Director of Economic Growth, Governor’s Office
of Economic Opportunity
·
Committee discussion/action
6.
Nonrefundable Rural Jobs Tax Credit
As part of the 5-year
review cycle required by statute, the committee will review the nonrefundable
rural jobs tax credit. The credit is found in Sections 59-7-621,
59-10-1038,
and 63N-4-3
of the Utah Code.
·
Committee staff
·
Jim Grover, Managing Director of Economic
Growth, Governor’s Office of Economic Opportunity
·
Committee discussion/action
7.
Refundable Motion Picture Tax Credit
As part of the 5-year
review cycle required by statute, the committee will review the refundable
motion picture tax credit. The credit is found in Sections 59-7-614.5,
59-10-1108,
and 63N-8-104 of the Utah Code.
·
Jared Gibbs, Economist,
Office of the Legislative Fiscal Analyst
·
Committee discussion/action
8.
Statutorily Required Reports
The
committee has received a report as required by statute. The report is the:
·
Centrally Assessed Real and
Personal Property Taxable Value Report
9.
Other Items/Adjourn