| Members Present: Sen. Daniel McCay, Chair Rep. Steve Eliason, Chair Sen. Curtis S. Bramble Sen. Lincoln Fillmore Sen. Stephanie Pitcher Sen. Chris H. Wilson Rep. Stewart E. Barlow Rep. Bridger Bolinder Rep. Brady Brammer Rep. Jennifer Dailey-Provost Rep. Joseph Elison Rep. Jason B. Kyle Rep. Rosemary T. Lesser | Rep. Phil Lyman Rep. Keven J. Stratton Rep. Norman K Thurston Members Absent: Rep. Marsha Judkins Rep. Robert M. Spendlove Staff Present: Alex R. Janak, Managing Policy Analyst Chris Stitt, Policy Analyst Andrea Valenti Arthur, Managing Associate General Counsel Gus Harb, Associate General Counsel Victoria Firmage, 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 Eliason called the meeting to order at 8:38 a.m. |
| Chair Eliason informed the committee of the committee bill files opened since the last interim meeting. |
| 1.Income Tax Credit Review |
| Jared Gibbs, Economist, Office of the Legislative Fiscal Analyst (LFA), presented an overview and analysis of the High Cost Infrastructure Development Tax Credit and Enterprise Zone Tax Credit. |
| 2 - High Cost Infrastructure Tax Credit (Office of the Legislative Fiscal Analyst).pdf |
| 2 - Enterprise Zone Credit (LFA) |
| The committee asked questions. Jared Gibbs and Jim Grover, Managing Director of Economic Growth, Governor's Office of Economic Opportunity, answered. |
| 2.Refundable Economic Development Tax Credit Review |
| 3 - Three Year Economic Development Tax Increment Financing Review (Governor's Office of Economic Opportunity) |
| Jim Grover provided an overview of the Refundable Economic Development Tax Credit, which is also known as Economic Development Tax Increment Financing (EDTIF). |
| Reed Chase, Audit Partner, Tanner Accountants and Advisors, presented the EDTIF program review which is conducted every three years. |
| Sen. McCay assumed the chair. |
| The committee asked questions and Jim Grover responded. |
| 3.Committee Business |
| MOTION:Rep. Barlow moved to approve the minutes of the September 18, 2024, meeting.The motion passed with a vote of 13-0-5. | |||
| Yeas - 13 | Nays- 0 | Abs- 5 | |
| Rep. S. Barlow Rep. B. Bolinder Rep. B. Brammer Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Kyle Rep. R. Lesser Rep. P. Lyman Sen. D. McCay Sen. S. Pitcher Sen. C. Wilson | Sen. C. Bramble Rep. M. Judkins Rep. R. Spendlove Rep. K. Stratton Rep. N. Thurston |
| 4.Utah Housing Corporation (UHC) |
| 5 - Utah Housing Corporation Presentation (Utah Housing Corporation) |
| 5 - 2022 Tax Year State Housing Credit Letter (UHC) |
| 5 - Housing Credit Tax Year 2022 (UHC) |
| David Damschen, President & CEO, Utah Housing Corporation (UHC), presented the tax credits, grant programs, and governance structure of UHC. |
| Rep. Eliason resumed the chair. |
| Chair Eliason asked a question. David Damschen responded and continued with the presentation. |
| Chair Eliason asked questions. David Damschen and Claudia O'Grady, Vice President of Multifamily Finance and Development, UHC, responded and continued with the presentation. |
| Sen. McCay asked questions and David Damschen responded. |
| 5.Property Assessment Review Information Report |
| 6 - Property Assessment Review Information Report (Office of Legislative Research and General Counsel) |
| Chris Stitt presented an overview of the Property Assessment Review Information Report. |
| Adam Kolowich, Legislative Affairs Director, Utah Association of Counties, and John Ulibarri, Assessor, Weber County, responded to the report. |
| The committee asked questions. John Ulibarri responded with Sen. McCay provided comments. |
| The committee continued to discuss property assessment and taxation. |
| 6.Streamlined Sales and Use Tax Agreement (SST) |
| 7 - Streamlined Sales and Use Tax Agreement (OLRGC) |
| Chris Stitt provided a brief overview of the Streamlined Sales and Use Tax Agreement (SST). |
| Sen. McCay assumed the chair. |
| Sen. Wayne Harper presented Utah's current SST status. |
| Rep. Eliason resumed the chair. |
| Sen. Bramble provided a brief history of Utah's SST status. |
| Rebecca Rockwell, Commissioner, State Tax Commission, provided additional information in regards to SST. |
| 7.Statutorily Required Reports |
| Chris Stitt informed the committee of reports the committee has received and the availability of the reports on the agency reporting website. |
| 8.Social Security Taxation |
| Sen. Harper presented an overview about how Utah taxes social security income and potential policy changes that could be considered during the upcoming 2025 General Session. |
| Sen. Wilson informed the committee and Sen. Harper of a bill file that would address social security taxation. |
| 9.Property Tax Code Recodification - Draft Legislation |
| Rep. Doug Welton and Burt Harvey, Division Manager, Public Services and Tax Administration, Utah County, briefly summarized 2025 General Session draft legislation, "Property Tax Code Recodification." |
| Chair Eliason asked a clarifying question and Burt Harvey responded. |
| John Valentine, Commissioner, State Tax Commission, provided a comment. |
| MOTION:Sen. Fillmore moved to amend the long title of "Property Tax Code Recodification."The motion passed with a vote of 9-0-9. | |||
| Yeas - 9 | Nays- 0 | Abs- 9 | |
| Rep. S. Barlow Sen. C. Bramble Rep. B. Brammer Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Kyle Rep. P. Lyman Rep. K. Stratton | Rep. B. Bolinder Rep. J. Dailey-Provost Rep. M. Judkins Rep. R. Lesser Sen. D. McCay Sen. S. Pitcher Rep. R. Spendlove Rep. N. Thurston Sen. C. Wilson |
| MOTION:Sen. Fillmore moved to recommend as a committee bill, "Property Tax Code Recodification," as amended.The motion passed with a vote of 10-0-8. | |||
| Yeas - 10 | Nays- 0 | Abs- 8 | |
| Rep. S. Barlow Sen. C. Bramble Rep. B. Brammer Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Kyle Rep. P. Lyman Sen. D. McCay Rep. K. Stratton | Rep. B. Bolinder Rep. J. Dailey-Provost Rep. M. Judkins Rep. R. Lesser Sen. S. Pitcher Rep. R. Spendlove Rep. N. Thurston Sen. C. Wilson |
| 10.Property Tax Reimbursement Amendments - Draft Legislation |
| Sen. Fillmore briefly summarized 2025 General Session draft legislation, "Property Tax Reimbursement Amendments." |
| Sen. McCay asked a question and Sen. Fillmore responded. |
| MOTION:Sen. McCay moved to recommend as a committee bill, "Property Tax Reimbursement Amendments."The motion passed with a vote of 10-0-8. | |||
| Yeas - 10 | Nays- 0 | Abs- 8 | |
| Rep. S. Barlow Sen. C. Bramble Rep. B. Brammer Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Kyle Rep. P. Lyman Sen. D. McCay Rep. K. Stratton | Rep. B. Bolinder Rep. J. Dailey-Provost Rep. M. Judkins Rep. R. Lesser Sen. S. Pitcher Rep. R. Spendlove Rep. N. Thurston Sen. C. Wilson |
| 11.Petroleum Storage Tank Amendments - Draft Legislation |
| Morgan Atkinson, Section Manager, Department of Environmental Quality, provided an overview of 2025 General Session draft legislation, "Petroleum Storage Tank Amendments." |
| The committee asked questions and Morgan Atkinson responded. |
| MOTION:Sen. McCay moved to recommend as a committee bill, "Petroleum Storage Tank Amendments."The motion passed with a vote of 9-0-9. | |||
| Yeas - 9 | Nays- 0 | Abs- 9 | |
| Rep. S. Barlow Sen. C. Bramble Rep. B. Brammer Rep. S. Eliason Rep. J. Elison Rep. J. Kyle Rep. P. Lyman Sen. D. McCay Rep. K. Stratton | Rep. B. Bolinder Rep. J. Dailey-Provost Sen. L. Fillmore Rep. M. Judkins Rep. R. Lesser Sen. S. Pitcher Rep. R. Spendlove Rep. N. Thurston Sen. C. Wilson |
| 12.Other Items/Adjourn |
| Sen. McCay thanked Sen. Bramble for the service provided as a member of the Revenue and Taxation Interim Committee and the Legislature. |
| Sen. Bramble provided a statement. |
| MOTION:Sen. Bramble moved to adjourn.The motion passed with a vote of 9-0-9. | |||
| Yeas - 9 | Nays- 0 | Abs- 9 | |
| Rep. S. Barlow Sen. C. Bramble Rep. B. Brammer Rep. S. Eliason Rep. J. Elison Rep. J. Kyle Rep. P. Lyman Sen. D. McCay Rep. K. Stratton | Rep. B. Bolinder Rep. J. Dailey-Provost Sen. L. Fillmore Rep. M. Judkins Rep. R. Lesser Sen. S. Pitcher Rep. R. Spendlove Rep. N. Thurston Sen. C. Wilson |
| Chair Eliason adjourned the meeting at 11:19 a.m. |