Revenue and Taxation Interim committee

1. Committee Business

· Call to Order

· Approval of the minutes of the August 20, 2025, meeting

2. 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

· Committee action

3. Draft Legislation: Tax Credit Review Process Amendments

This draft legislation exempts the income tax credit for taxes paid to another state from periodic review by the Revenue and Taxation Interim Committee and aligns the timing of the committee’s review of the income tax credit allowed for purchases of motor fuel used in agriculture with the timing of the reviewing of other income tax credits.

· Committee staff

· Committee discussion

· Public comment

· Committee action

4. Overview of Tax Modifications Bill

The committee will hear a presentation from committee staff on the proposed contents of the Tax Modifications committee bill file.

· Committee staff

· Committee discussion

· Public comment

· Committee action

5. Local Option Sales Taxes

The committee will discuss the City or Town Option Funding for Botanical, Cultural, Recreational, and Zoological Organizations or Facilities (ZAP) and the Rural City Hospital tax.

· Tax Commission

· Committee discussion

· Public comment

· Committee action

6. Truth in Taxation

The committee will discuss the Truth in Taxation process specific to the notice and public hearing requirements of Section 59-2-919.

· Tax Commission

· Committee discussion

· Public comment

· Committee action

7. Other Items/Adjourn