MINUTES OF THE
BUSINESS, ECONOMIC DEVELOPMENT, AND LABOR APPROPRIATIONS SUBCOMMITTEE
Wednesday, January 17, 2024 • 8:00 a.m. • 120 Senate Building


Members Present:
Sen. Michael K. McKell, Senate Chair
Rep. Christine F. Watkins, House Chair
Rep. Thomas W. Peterson, House Vice Chair
Sen. Nate Blouin
Sen. Don L. Ipson
Sen. Stephanie Pitcher
Sen. Scott D. Sandall
Sen. Evan J. Vickers
Rep. Nelson T. Abbott
Rep. Bridger Bolinder
Rep. Ariel Defay
Rep. Sahara Hayes
Rep. Jason B. Kyle
Rep. Jordan D. Teuscher

Members Absent:
Sen. Curtis S. Bramble
Rep. Ashlee Matthews

Staff Present:
Dr. Andrea Wilko, Chief Economist
Nate Osborne, Financial Analyst
Sally Thompson, Administrative Assistant
Gary R. Syphus, Finance Manager

Note: A copy of related materials and an audio recording of the meeting can be found at www.le.utah.gov.
1.Call to Order/Introduction to Committee
Chair Watkins called the meeting to order and asked the committee members to introduce themselves.
Gary Syphus presented a tentative meeting schedule.
1-BEDL - 2024 Session Calendar
2.EAC Instructions, Tools, Base Budget Bill
2-BEDL - SB0004 Base Budget
Gary Syphus presented an overview of the BEDL Base Budget Bill.
Sen. McKell added comments to the presentation and asked a question. Sen. Ipson, Sen Vickers, and Chair Watkins responded.
3.Tax Commission Budget Analyst Presentation and Agency Response
3-Tax Commission Agency Presentation
Gary Syphus introduced the Tax Commission budget and performance review.
Sen. Vickers added comments to the presentation.
John Valentine, Commissioner, Utah State Tax Commission, presented an agency response and performance review.
Deanna Herring, Deputy Director, Utah State Tax Commission, presented the Tax Commission goals for 2024.
Scott Smith, Executive Director, Utah State Tax Commission, presented budget change requests.
Commissioner Valentine added comments to the presentation. Scott Smith continued his presentation.
Deanna Herring presented dedicated credit increase requests. Commissioner Valentine added comments to the presentation.
Rep. Peterson asked questions. Deanna Herring, Heidi Reilly, Finance Director, Utah State Tax Commission, and Commissioner Valentine responded.
Deanna Herring presented fee change proposals for the Tax Commission.
Deanna Herring presented the restricted account appropriation requests.
Chair Watkins and Sen. McKell asked questions. Scott Smith and Commissioner Valentine responded.
Sen. McKell asked a question. Commissioner Valentine, Scott Smith, and Heidi Reilly responded.
Rep. Peterson, Sen. McKell, and Sen. Sandall asked questions. Scott Smith, Commissioner Valentine, Gary Syphus, and Dr. Andrea Wilko responded.
Rep. Defay asked questions. Commissioner Valentine responded.
Commissioner Valentine presented the nonlapsing balances report.
Sen. McKell asked a question. Commissioner Valentine and Scott Smith responded.
Rep. Kyle asked questions. Scott Smith, Deanna Herring, and Commissioner Valentine responded.
Commissioner Valentine added closing comments to the presentation.
4.Department of Insurance Budget Analyst Presentation and Agency Response
4-Insurance Agency Presentation
Nate Osborne presented an overview of the Department of Insurance.
John Pike, Commissioner, Department of Insurance, presented the mission, vision, and budget requests for the Department of Insurance.
Sen. McKell asked a question. Dr. Andrea Wilko and John Pike responded.
John Pike continued his presentation.
Sen. McKell asked a question. John Pike responded.
5.Federal/Non-Federal Grants
Gary Syphus presented the BEDL Federal/Non-Federal Funds report.
6.Other Business/Adjourn
MOTION:Rep. Peterson moved to adjourn.The motion passed with a vote of 7-0-9.
Yeas - 7Nays- 0Abs- 9
Rep. A. Defay
Rep. S. Hayes
Rep. J. Kyle
Sen. M. McKell
Rep. T. Peterson
Sen. S. Pitcher
Rep. C. Watkins
Rep. N. Abbott
Sen. N. Blouin
Rep. B. Bolinder
Sen. C. Bramble
Sen. D. Ipson
Rep. A. Matthews
Sen. S. Sandall
Rep. J. Teuscher
Sen. E. Vickers
Chair Watkins adjourned the meeting at 10:12 AM.