| Members Present: Sen. Lincoln Fillmore, Chair Sen. Curtis S. Bramble Sen. Gene Davis Sen. Luz Escamilla Sen. Wayne A. Harper Sen. Daniel Hemmert Sen. Deidre M. Henderson |
Members Absent: Sen. Evan J. Vickers Staff Present: Alex R. Janak, Policy Analyst Brodi Ashton, Committee Secretary Annette Sion, Committee Secretary |
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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 Fillmore called the meeting to order at 2:11:45 PM. |
| Sen. Henderson assumed the chair. |
| 1. S.B. 53 Global Intangible Low Taxed Income Amendments (Fillmore, L.) |
| Sen. Fillmore presented SB 53. |
| Handout- Ending Offshore Tax Haven Abuse |
| Academic Perspectives on SALT |
| Rusty Cannon, Vice President, Utah State Tax Commission, spoke to the bill. |
| John Valentine, Chair of the Utah State Tax Commission, spoke in favor of the bill. |
| Matthew Weinstein, Director, Voices for Utah Children, spoke in opposition of the bill. |
| MOTION: Sen. Fillmore moved to pass S.B. 53 out favorably. The motion passed with a vote of 3-1-4. | |||
| Yeas - 3 | Nays-1 | Abs-4 | |
| Sen. C. Bramble Sen. L. Fillmore Sen. D. Henderson | Sen. L. Escamilla | Sen. G. Davis Sen. W. Harper Sen. D. Hemmert Sen. E. Vickers |
| Chair Fillmore assumed the chair. |
| 2. S.B. 77 Sales Tax Exemption Modifications (Kitchen, D.) |
| Forecast of Utility-Scale Battery Storage Systems Growth |
| Sen. Derek L. Kitchen presented SB 77. |
| MOTION: Sen. Bramble moved to replace S.B. 77 with 1st Substitute S.B. 77. The motion passed with a vote of 5-0-3. | |||
| Yeas - 5 | Nays-0 | Abs-3 | |
| Sen. C. Bramble Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. D. Henderson | Sen. W. Harper Sen. D. Hemmert Sen. E. Vickers |
| John Valentine, Utah State Tax Chair, spoke to the substitution. |
| MOTION: Sen. Davis motioned to move to the next agenda item in order to allow for a fiscal note on the 1st Substitute. The motion passed with a vote of 6-0-2. | |||
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| 3. H.B. 49 Sales Tax on Motor Vehicles (Thurston, N.) |
| Rep. Norm Thurston presented HB 49 |
| MOTION: Sen. Henderson moved to amend H.B. 49 with Amendment #1. The motion passed with a vote of 6-0-2. | |||
|
Amendment 1
H.B. 49 47 (b) If an item of tangible personal property described in Subsection (1)(a) is sold { 48 |
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| Wayne Jones, Executive Director of the Independent Auto Dealers Association, spoke in favor of amended bill. |
| MOTION: Sen. Hemmert moved to pass H.B. 49 out favorably. The motion passed with a vote of 6-0-2. | |||
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| 4. H.B. 48 Acquisition Cost Definition (Spendlove, R.) |
| Sen. Henderson assumed the chair. |
| Sen. Fillmore presented HB 48. |
| MOTION: Chair Fillmore moved to pass H.B. 48 out favorably. The motion passed with a vote of 6-0-2. | |||
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| Chair Fillmore assumed the chair. |
| 5. H.B. 51 Property Assessment Procedure Amendments (Eliason, S.) |
| Rep. Steve Eliason presented HB 51. |
| MOTION: Sen. Davis moved to pass H.B. 51 out favorably. The motion passed with a vote of 6-0-2. | |||
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| MOTION: Sen. Davis moved to adjourn. The motion passed with a vote of 6-0-2. | |||
| Yeas - 6 | Nays-0 | Abs-2 | |
| Sen. G. Davis Sen. L. Escamilla Sen. L. Fillmore Sen. W. Harper Sen. D. Hemmert Sen. D. Henderson | Sen. C. Bramble Sen. E. Vickers |
| Chair Fillmore adjourned the meeting at 2:58:47 PM. |