| Members Present: Sen. Daniel McCay, Chair Rep. Casey Snider, Chair Sen. Curtis S. Bramble Sen. Gene Davis Sen. Lincoln Fillmore Sen. Chris H. Wilson Rep. Nelson T. Abbott Rep. Stewart E. Barlow Rep. Joel K. Briscoe Rep. Walt Brooks Rep. Jennifer Dailey-Provost Rep. Steve Eliason Rep. Rosemary T. Lesser | Rep. A. Cory Maloy Rep. Jefferson Moss Rep. Douglas V. Sagers Rep. Mark A. Strong Members Absent: Rep. Adam Robertson Rep. Robert M. Spendlove Staff Present: Kristina King, Policy Analyst Andrea Valenti Arthur, Associate General Counsel Christine R. Gilbert, Managing Associate General Counsel Royce Gador, Administrative Assistant |
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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 McCay called the meeting to order at 8:47 a.m. |
| 1.Volunteer Income Tax Assistance (VITA) Program |
| Kristina King, Policy Analyst, Office of Legislative Research and General Counsel, provided an overview of the VITA program. |
| 7 - Federal Volunteer Income Tax Assistance (VITA) Program Overview |
| Scott Smith, Executive Director, State Tax Commission, spoke on the commission's position on the VITA program and answered questions from the committee. |
| 2.Committee Business |
| MOTION:Rep. Lesser moved to approve the August 17, 2022, minutes.The motion passed with a vote of 13-0-6. | |||
| Yeas - 13 | Nays- 0 | Abs- 6 | |
| Rep. N. Abbott Rep. J. Briscoe Rep. W. Brooks Rep. J. Dailey-Provost Rep. S. Eliason Sen. L. Fillmore Rep. R. Lesser Rep. A. Maloy Sen. D. McCay Rep. J. Moss Rep. C. Snider Rep. M. Strong Sen. C. Wilson | Rep. S. Barlow Sen. C. Bramble Sen. G. Davis Rep. A. Robertson Rep. D. Sagers Rep. R. Spendlove |
| 3.Volunteer Income Tax Assistance (VITA) Program |
| Dr. Lori Kowaleski-Jones, Professor and Co-Director, Connect to Collect, University of Utah, presented on the Connect to Collect program's mission and work and answered questions from the committee. |
| 7 - Connect to Collect - Increasing Financial Resources for Utah Families |
| John Valentine, Chairman, State Tax Commission, spoke on concerns regarding Earned Income Tax Credit fraud. |
| 4.Property Tax: Residential and Commercial Values |
| John Ulibarri, Weber County Assessor, and Jake Parkinson, Tooele County Assessor, presented on recent trends in assessed values of residential and commercial properties in Utah and answered questions from the committee. |
| 3 - Property Tax in Utah Presentation |
| 3 - Property Tax in Utah Report |
| The following individuals provided public comment: |
| George Chapman, resident, Salt Lake County |
| Rusty Cannon, President, Utah Taxpayers Association |
| 5.Revenue Update |
| Maddy Oritt, Senior Economist, Office of the Legislative Fiscal Analyst, provided a revenue update for fiscal year 2022 and answered questions from the committee. |
| 4 - Revenue Update |
| 6.Income Tax: Credits |
| Rep. Kay J. Christofferson presented a proposal on individual and corporate income tax credit legislation and answered questions from the committee. |
| 5 - 2022 General Session H.B. 262, "Incentives Amendments" Summary |
| 5 - Individual and Corporate Income Tax Credits by Category |
| 5 - Individual and Corporate Income Tax Credits by Category and Amount Claimed |
| The following individuals provided public comment: |
| Stan Summers, Box Elder County Commissioner |
| Lincoln Shurtz, Utah Association of Counties |
| Rusty Cannon, President, Utah Taxpayers Association |
| 7.Income Tax Credits: Review |
| Doug Hansen, Director, and Jalynn Knudsen, Assistant Director, Division of Waste Management and Radiation Control, presented on the Recycling Market Development Zone Tax Credit and answered questions from the committee. |
| 6 - Recycling Market Development Zone Tax Credit |
| 8.Other Items/Adjourn |
| Chair McCay announced a committee bill file, Railroad Tax Amendments, opened by the chairs since the last interim meeting. |
| MOTION:Rep. Briscoe moved to adjourn.The motion passed with a vote of 13-0-6. | |||
| Yeas - 13 | Nays- 0 | Abs- 6 | |
| Rep. S. Barlow Rep. J. Briscoe Rep. W. Brooks Rep. J. Dailey-Provost Rep. S. Eliason Sen. L. Fillmore Rep. R. Lesser Sen. D. McCay Rep. J. Moss Rep. D. Sagers Rep. C. Snider Rep. M. Strong Sen. C. Wilson | Rep. N. Abbott Sen. C. Bramble Sen. G. Davis Rep. A. Maloy Rep. A. Robertson Rep. R. Spendlove |
| Chair McCay adjourned the meeting at 11:13 a.m. |