| Members Present: Sen. Daniel McCay, Chair Rep. Steve Eliason, Chair Sen. Lincoln Fillmore Sen. Jen Plumb Sen. Chris H. Wilson Rep. Jennifer Dailey-Provost Rep. Joseph Elison Rep. Jill Koford Rep. Jason B. Kyle Rep. Tracy J. Miller Rep. Hoang Nguyen Rep. Clinton D. Okerlund Rep. Nicholeen P. Peck | Rep. Lisa Shepherd Rep. Raymond P. Ward Rep. Doug Welton Members Absent: Sen. Kirk A. Cullimore Rep. Stewart E. Barlow Staff Present: Megan L. Bolin, Senior Policy Analyst Chris Stitt, Managing Policy Analyst Andrea Valenti Arthur, Managing Associate General Counsel Gus Harb, Senior Associate General Counsel Victoria Firmage, Administrative Assistant Team Lead |
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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 8:38 a.m. |
| 1.Committee Business |
| MOTION:Sen. McCay moved to approve the minutes of the November 19, 2025, meeting.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Rep. S. Barlow Sen. K. Cullimore Rep. N. Peck Rep. D. Welton |
| 1 - 2026 Open and Public Meetings Act Handout (Office of Legislative Research and General Counsel) |
| Megan Bolin gave a brief overview of the Open and Public Meetings Act. |
| Sen. McCay asked a question and Megan Bolin responded. |
| 2.2026 Interim Study Items |
| 2 - 2026 Interim Study Items (Office of Legislative Research and General Counsel) |
| Chris Stitt presented the 2026 interim study items for the Revenue and Taxation Interim Committee that were approved by the Legislative Management Committee. |
| Sen. McCay provided clarifying information on the study items for 2026. |
| MOTION:Rep. Kyle moved to add the study of taxes levied by newly incorporated municipalities to the 2026 interim study items list.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Rep. S. Barlow Sen. K. Cullimore Rep. N. Peck Rep. D. Welton |
| MOTION:Chair Eliason moved to add the study of unemployment insurance taxes to the 2026 interim study items list.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Rep. S. Barlow Sen. K. Cullimore Rep. N. Peck Rep. D. Welton |
| MOTION:Sen. McCay moved to adopt the 2026 interim study items list as amended.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Rep. S. Barlow Sen. K. Cullimore Rep. N. Peck Rep. D. Welton |
| MOTION:Sen. McCay moved to authorize the committee chairs to open committee bill files and reminded the committee of the rule change that each interim committee can only open five committee bill files.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Rep. S. Barlow Sen. K. Cullimore Rep. N. Peck Rep. D. Welton |
| 3.2026 General Session Recap |
| 3 - 2026 General Session Tax Legislation (OLRGC) |
| Gus Harb provided an overview of select tax-related bills that passed during the 2026 General Session. |
| The committee asked questions during the presentation. Gus Harb and Andrea Valenti Arthur responded with Sen. McCay providing additional comments. |
| 4.Economic and Revenue Update |
| 4 - Revenue Update May 2026 (Office of the Legislative Fiscal Analyst) |
| Alejandra Rodriguez, Staff Economist, Office of the Legislative Fiscal Analyst, and Travis Eisenbacher, Deputy Chief Economist, OLFA, gave a brief guide on how to access the legislative revenue application. |
| The committee asked questions about the legislative revenue application. Alejandra Rodriguez and Travis Eisenbacher responded. |
| Alejandra Rodriguez continued with Utah's state tax revenue update with Sen. McCay providing additional comments throughout the presentation. |
| The committee discussed and asked questions. Travis Eisenbacher and Alejandra Rodriguez responded and continued with the presentation. |
| The committee provided comments with Travis Eisenbacher providing additional information. |
| 4 - Economic Insights Presentation (Kem C. Gardner Policy Institute) |
| Maddy Oritt, Director of Public Finance Research, Kem C. Gardner Policy Institute, presented an economic update for the state. |
| The committee asked questions. Maddy Oritt responded and finished the presentation. |
| 4 - Utah Labor Market Update (Department of Workforce Services) |
| Ben Crabb, Chief Economist, Department of Workforce Services, presented an update on Utah's workforce status. |
| Ben Crabb took questions from the committee throughout the presentation. |
| 5.Truth in Taxation Checklist for Fiscal Year Taxing Entities |
| 5 - 2026 Fiscal Year Property Tax Increase Checklist (Tax Commission) |
| Josh Nielsen, Director of Property Tax, State Tax Commission, presented a comprehensive list of steps required before a fiscal year entity may adopt a property tax increase. |
| The committee asked questions and John Nielsen responded with Chair Eliason providing additional information. |
| 6.Effectiveness and Utilization of Tax Credits |
| 6 - 2026 Tax Credit Review Presentation (OLRGC) |
| Chris Stitt presented the three of the income tax credits that are up for review in 2026. |
| The committee asked questions throughout the presentation and Chris Stitt responded. |
| Rebecca Rockwell, Commissioner, State Tax Commission, answered questions that came up throughout the tax credit presentation. |
| 7.Other Items/Adjourn |
| MOTION:Rep. Ward moved to adjourn.The motion passed with a vote of 13-0-5. | |||
| Yeas - 13 | Nays- 0 | Abs- 5 | |
| Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Rep. N. Peck Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Rep. D. Welton | Rep. S. Barlow Sen. K. Cullimore Rep. J. Kyle Sen. D. McCay Sen. C. Wilson |
| Chair Eliason adjourned the meeting at 10:55 a.m. |