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H.J.R. 13






Sponsor: Craig W. Buttars

             6      This joint resolution of the Legislature requests that the members of Utah's congressional
             7      delegation work to pass and vote for the immediate and permanent repeal of the Estate
             8      Tax.
             9      Be it resolved by the Legislature of the state of Utah:
             10          WHEREAS, under tax relief legislation passed in 2001, the Estate Tax was temporarily
             11      phased out, not permanently eliminated;
             12          WHEREAS, women and minorities are very often owners of small and medium-sized
             13      businesses, and the Estate Tax prevents their children from reaping the rewards of a lifetime
             14      trying to make a better life;
             15          WHEREAS, farmers and other small businesses will face losing their farms and
             16      businesses if the federal government resumes the heavy taxation of citizens at death;
             17          WHEREAS, employees suffer when they lose their jobs when small and medium-sized
             18      businesses are liquidated to pay estate taxes and because high capital costs depress the number
             19      of new businesses that could offer them a job;
             20          WHEREAS, if the Estate Tax had been repealed in 1996, over the next nine years the
             21      United States economy would have averaged as much as $11 billion per year in extra output,
             22      and an average of 145,000 additional new jobs would have been created;
             23          WHEREAS, the persistent uncertainty created by the sunset provision prevents families
             24      and small businesses from taking advantage of the temporary repeal; and
             25          WHEREAS, having repeatedly passed both the United States House of Representatives
             26      and the United States Senate, elimination of the Estate Tax has proven to hold wide bipartisan
             27      support:

             28          NOW, THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah
             29      requests that the members of Utah's congressional delegation support, work to pass, and vote
             30      for the immediate and permanent repeal of the Estate Tax.
             31          BE IT FURTHER RESOLVED that a copy of this resolution be sent to the members of
             32      Utah's congressional delegation.

Legislative Review Note
    as of 1-27-03 9:30 AM

A limited legal review of this legislation raises no obvious constitutional or statutory concerns.

Office of Legislative Research and General Counsel

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