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MINUTES OF THE
SENATE REVENUE AND TAXATION STANDING COMMITTEE
Wednesday,
February 21, 2018
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9:00 a.m.
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250 State Capitol
Members Present:
Sen. Howard A. Stephenson, Chair
Sen. Jim Dabakis
Sen. Lincoln Fillmore
Sen. Wayne A. Harper
Sen. Daniel Hemmert
| Members Absent:
Sen. Curtis S. Bramble
Sen. Gene Davis
Sen. Deidre M. Henderson
Staff Present:
Ms. Nancy Skidmore, Committee Secretary
Mr. Leif G. Elder, Policy Analyst
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Note: A copy of related materials and an audio recording of the
meeting can be found at www.le.utah.gov.
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| Chair Stephenson called the meeting to order at 9:02 a.m. |
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| 1. 1 Update on Tax Reform |
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| Mr. Phil Dean, Governor's Office of Management and Budget, discussed tax modernization and the governor's office recommendations. He discussed re-emphasizing user fees in infrastructure, transportation, and water and broadening the base and lowering the rate. |
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| Sen. Stephenson asked about legislation that is in the system right now relating to these issues. |
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| Sen. Fillmore asked questions about broadening the base and lowering the rate. |
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| Sen. Dabakis asked how the Governor rates progressivity in our state tax system. |
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| Sen Dabakis asked about broadening the base and lowering the rate as it relates to sales tax on food. |
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| Rep. Eliason and Rep. McCay discussed bills that have been presented in the house. |
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| Sen. Stephenson commented and discussed the bills relating to the three-year life sales tax penalty that is placed on businesses. |
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| Sen. Hemmert asked about Rep. McCay's idea that would eliminate personal property tax for small businesses for items under $1000. |
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| Sen. Dabakis discussed the state's economic competitiveness. |
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| Mr. John Valentine, Chairman, State Tax Commission, discussed four decisions that need to be made before next year's tax returns are due. Chairman Valentine gave a presentation to the Executive Appropriations Committee at the beginning of the session outlining these decisions. |
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| Legislative Questions on HR1 |
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| Sen. Adams discussed the importance of good tax policy to our state economy. |
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| Ms. Rebecca Rockwell, Commissioner, Utah State Tax Commission addressed the Utah Personal Exemption. |
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| MOTION: Sen. Dabakis moved to adjourn.
The motion passed with a vote of 5-0-3.
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| Yeas - 5 | Nays-0 | Abs-3 | |
Sen. J. Dabakis
Sen. L. Fillmore
Sen. W. Harper
Sen. D. Hemmert
Sen. H. Stephenson
| | Sen. C. Bramble
Sen. G. Davis
Sen. D. Henderson
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| Chair Stephenson adjourned the meeting at 9:57 a.m. |
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