| Members Present: Sen. Daniel McCay, Chair Rep. Steve Eliason, Chair Sen. Lincoln Fillmore Sen. Jen Plumb Sen. Chris H. Wilson Rep. Stewart E. Barlow 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 Members Absent: Sen. Kirk A. Cullimore Rep. Doug Welton 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 McCay called the meeting to order at 8:38 a.m. |
| 1.Committee Business |
| MOTION:Rep. Koford moved to approve the minutes of the May 20, 2026, meeting.The motion passed with a vote of 11-0-7. | |||
| Yeas - 11 | Nays- 0 | Abs- 7 | |
| Rep. S. Barlow Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Sen. D. McCay Rep. H. Nguyen Sen. J. Plumb Rep. L. Shepherd Sen. C. Wilson | Sen. K. Cullimore Rep. J. Kyle Rep. T. Miller Rep. C. Okerlund Rep. N. Peck Rep. R. Ward Rep. D. Welton |
| Chair McCay announced several reports that have been submitted and available on the Legislature's website. Chair McCay also informed the committee that the chairs opened an omnibus committee bill file to address technical, non-controversial statutory changes. |
| 2.Kem C. Gardner Policy Institute Report - "Utah's Growing Share of Nonprimary Residential Property Tax" |
| 2 - Utah's Growing Share of Nonprimary Residential Property Tax (Kem C. Gardner Policy Institute) |
| 2 - Utah's Growing Share of Nonprimary Residential Property Tax Fact Sheet (Kem C. Gardner Policy Institute) |
| Phil Dean, Chief Economist and Research Director, Kem C. Gardner Policy Institute, and Natalie Roney, Senior Public Finance Economist, Kem C. Gardner Policy Institute, presented on nonprimary residential property tax, which are a growing portion of property taxes in Utah. |
| Natalie Roney and Phil Dean responded to questions from the committee and the committee discussed. |
| 3.Sales and Use Tax Filing Status |
| 3 - Sales and Use Tax Filing (Office of Legislative Research and General Counsel) |
| Megan Bolin presented on sales and use tax filing which can be done quarterly, monthly, or annually depending on the seller. |
| Rebecca Rockwell, Commissioner, State Tax Commission, provided additional information on how the commission handles filing statuses. |
| Rebecca Rockwell and John Valentine, Commissioner, State Tax Commission, responded to questions from the committee. |
| Chair McCay recommended that the committee include clarification on filing status in the omnibus committee bill file. Rebecca Rockwell and John Valentine responded and the committee discussed. |
| MOTION:Rep. Eliason moved to add to the opened omnibus committee bill clarification on who is eligible for the annual sales tax filing status and who may receive the seller discount. Rebecca Rockwell and John Valentine provided comments and the committee discussed. |
| The motionpassed with a vote 15-0-3. | |||
| Yeas - 15 | Nays- 0 | Abs- 3 | |
| Rep. S. Barlow Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Rep. N. Peck Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward Sen. C. Wilson | Sen. K. Cullimore Sen. L. Fillmore Rep. D. Welton |
| 4.International Money Transmissions |
| Chair McCay provided a brief overview of international money transmissions which has been discussed in past legislative sessions. |
| Paul Allred, Deputy Commissioner, Department of Financial Institutions, and Dan Gardner, Chief Examiner, Department of Financial Institutions, provided information on the process and requirements for and potential issues of international money transmissions. |
| Adam Fleisher, Counsel, Money Services Round Table, provided comments from the perspective of leading non-bank financial companies and responded to questions from the committee. |
| Paul Allred responded to questions from the committee. |
| 5.Effectiveness and Utilization of Tax Credits |
| 5 - 2026 Tax Credit Review Presentation (OLRGC) |
| Megan Bolin presented the tax credits related to pass-through entities up for review as part of the committee's five-year review cycle required by statute. |
| Chair McCay provided a comment regarding the corporate and individual tax credits for a pass-through entity taxpayer. |
| MOTION:Rep. Ward moved to add to the opened omnibus committee bill removal of the corporate and individual tax credits for a pass-through entity taxpayer from the required five-year review cycle.The motion passed with a vote of 14-0-4. | |||
| Yeas - 14 | Nays- 0 | Abs- 4 | |
| Rep. S. Barlow Rep. J. Dailey-Provost Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Rep. N. Peck Sen. J. Plumb Rep. L. Shepherd Rep. R. Ward | Sen. K. Cullimore Rep. S. Eliason Rep. D. Welton Sen. C. Wilson |
| Chris Stitt continued with the rest of the tax credit review. |
| The committee provided comments on the tax credit for research activities conducted in the state. Chris Stitt responded to questions and continued with the credit review. |
| Chris Stitt responded to questions from the committee regarding the tax credit for persons who are homeless. Chair McCay provided a comment and the committee discussed. |
| MOTION:Rep. Koford moved to add to the opened omnibus committee bill the removal of carryforwards in the calculation for removal of a tax credit from the tax return and that the calculation should be made post audit. John Valentine and Jason Gardner, Deputy Executive Director, State Tax Commission, provided comments. |
| The motionpassed with a vote 11-0-7. | |||
| Yeas - 11 | Nays- 0 | Abs- 7 | |
| Rep. S. Barlow Rep. J. Dailey-Provost Rep. S. Eliason Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Sen. D. McCay Rep. H. Nguyen Sen. J. Plumb Rep. L. Shepherd Sen. C. Wilson | Sen. K. Cullimore Rep. J. Kyle Rep. T. Miller Rep. C. Okerlund Rep. N. Peck Rep. R. Ward Rep. D. Welton |
| Chris Stitt continued with the tax credit review. Chair McCay and Chris Stitt responded to questions from the committee throughout the presentation. |
| 6.Other Items/Adjourn |
| MOTION:Rep. Shepherd moved to adjourn.The motion passed with a vote of 10-0-8. | |||
| Yeas - 10 | Nays- 0 | Abs- 8 | |
| Rep. S. Barlow Rep. J. Elison Sen. L. Fillmore Rep. J. Koford Rep. J. Kyle Sen. D. McCay Rep. T. Miller Rep. H. Nguyen Rep. C. Okerlund Rep. L. Shepherd | Sen. K. Cullimore Rep. J. Dailey-Provost Rep. S. Eliason Rep. N. Peck Sen. J. Plumb Rep. R. Ward Rep. D. Welton Sen. C. Wilson |
| Chair McCay adjourned the meeting at 11:15 a.m. |