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MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 129 - State Capitol Building

January 21, 2003


MEMBERS PRESENT:     Rep. Wayne A. Harper, Chair
                Rep. Stephen D. Clark, Vice Chair
                Rep. Sheryl L. Allen                           
                 Rep. Judy Ann Buff mire
                Rep. Scott Daniels
                Rep. Brad Last
                 Rep. Susan Lawrence                             
                 Rep. Darin G. Peterson
                Rep. J. Morgan Philpot
                Rep. Jack A. Seitz
                 Rep. Gordon E. Snow
                  Rep. Bradley A. Winn

MEMBERS ABSENT:    Rep. Eli H.An derson
                Rep. Carol Spackman Moss                  

STAFF:            Bryant Howe, Policy Analyst
                Sharron Corelli, Secretary
                    
VISITORS:            List filed with committee minutes.

Rep. Harper called the meeting to order at 3:35 p.m. Committee members and staff were welcomed and introduced.

H.B. 28    Oil and Gas Severance Tax Amendments (G. Snow )
        Rep. Snow introduced the bill and explained it to the committee.

        The following people spoke to the bill:        
        Pam Hendrickson, Utah State Tax Commission, Chair
        Lynn Solarczyk, Utah State Tax Commission

        Lee Peacock, Utah Petroleum Association spoke in favor of the bill

MOTION:    Rep. Seitz moved to adopt the following amendment:

1.    Page 3, Line 62:    After "liability" insert "under this part"

            The motion passed unanimously with Rep. Allen and Rep. Philpot absent for the vote.

MOTION:    Rep. Buffmire moved to pass the bill out favorably as amended. The motion passed
        unanimously with Rep. Allen absent for the vote.
    


H.B. 73    Withholding Exemption for Certain Nonresident Shareholders (G. Snow)


        Rep. Snow introduced the bill and explained it to the committee with the assistance of Lynn Solarczyk, Utah State Tax Commission.

MOTION:    Rep. Snow moved to adopt the following amendments:

1.    Page     7, Line 211:        Reinstate ";" and delete ":"

2.     Pages     7-8, Lines 212-215:    Delete lines 212-215
        
        The motion passed unanimously with Rep. Allen absent for the vote.

MOTION:    Rep. Seitz moved to pass the bill out favorably as amended. The motion passed unanimously with Rep. Allen absent for the vote.

Rep. Harper relinquished the chair to Rep. Clark.

H.B. 22    Property Tax Relief (W. Harper)

        Rep. Harper introduced the bill and explained it to the committee.

        Pam Hendrickson of the Utah State Tax Commission spoke to the bill and Larry Richardson, Salt Lake County Treasurer, spoke in favor of the bill.

MOTION:    Rep. Daniels moved to pass the bill out favorably. The motion passed unanimously.

Rep. Clark relinquished the chair to Rep. Harper

MOTION:    Rep. Seitz moved to adjourn the meeting. The motion passed unanimously.

Rep. Harper adjourned the meeting at 4:28 p.m.





                            __________________________
                            Rep. Wayne A. Harper, Chair