1.    Committee Business

·         Call to Order

·         Approval of the minutes of the May 20, 2026, meeting

·         Required reports submitted since last meeting, available to view here: https://le.utah.gov/AgencyRP/index.jsp

o   Electronic Cigarette Product Registry Report (State Tax Commission)

o   Tax Credits for Employment of Persons who are Homeless Report (Department of Workforce Services)

 

2.    Kem C. Gardner Policy Institute Report – “Utah’s Growing Share of Nonprimary Residential Property Tax”

The committee will receive a presentation from the Kem C. Gardner Policy Institute on their latest property tax publication, “Utah’s Growing Share of Nonprimary Residential Property Tax”.

·         Natalie Roney, Senior Public Finance Economist, Kem C. Gardner Policy Institute

·         Phil Dean, Chief Economist and Research Director, Kem C. Gardner Policy Institute

·         Committee discussion

 

3.    Sales and Use Tax Filing Status

The committee will receive a presentation on sales and use tax filing status.

·         Committee staff

·         State Tax Commission

·         Committee discussion/action

 

4.    Effectiveness and Utilization of Tax Credits

As part of the five-year review cycle required by statute, the committee will review:

-          the corporate and individual tax credit for a pass-through entity taxpayer (Utah Code §59-7-614.4 and §59-10-1103)

-          the individual tax credit for taxes paid by a pass-through entity (Utah Code §59-10-1045)

-          the corporate and individual tax credit for research activities conducted in the state (Utah Code §59-7-612 and §59-10-1012)

-          the individual tax credit for employment of persons who are homeless (Utah Code §59-10-1032)

-          the corporate and individual tax credit for a donation to the Carson Smith Opportunity Scholarship Program (Utah Code §59-7-625 and §59-10-1041)

-          the individual tax credit for Utah Educational Savings Plan contributions (Utah Code §59-10-1017)

-          the individual tax credit for at-home parents (Utah Code §59-10-1005)

·         Committee staff

·         Committee discussion/action

 

5.    International Money Transmissions

The committee will discuss H.B. 141, International Money Transmission Amendments, which was introduced during the 2026 general session to impose a tax on international money transmissions under certain circumstances.

·         Committee staff

·         Paul Allred, Deputy Commissioner, Utah Department of Financial Institutions

·         Committee discussion

 

6.    Economic Development Tax Incentives

The committee will discuss economic development tax incentives used to bring businesses to Utah communities.

·         Committee staff

·         Committee discussion

 

7.    Other Items/Adjourn