Link to Zipped WordPerfect Minutes 4K bytes

MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 129 - State Capitol Building


January 30, 2003


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

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

Rep. Harper called the meeting to order at 3:55 p.m.

MOTION:    Rep. Snow moved to approve the minutes of January 24,2003 and January 28, 2003. The motion passed unanimously with Rep. Buffmire, Rep. Moss, and Rep. Clark absent for the vote.
H.B.200    Property Tax - Interest Rate on Deferred Taxes (L. Christensen)

Rep. Christensen introduced the bill and explained it to the committee
.
Mr. Larry Richardson, Salt Lake County Treasurer, spoke in favor of the bill

MOTION:    Rep. Snow moved to amend the bill as follows:
1.    Page 1, Line 25:    After "(B) the" delete the remainder of Line 25

2.    Page 1, Line 26:    Delete "treasurer in accordance with Section 51-7-5" and insert "targeted federal funds rate: (I) as defined in 12 C.F.R. Sec. 201.2; and (II) that exists on the January 1 immediately preceding the day on which the taxes are deferred"
        The motion passed unanimously with Rep. Buffmire, Rep. Moss and Rep. Clark absent for the vote.



MOTION:    Rep. Seitz moved to pass the bill out favorably as amended. The motion passed unanimously with Rep. Buffmire, Rep. Moss and Rep. Clark absent for the vote.

H.J.R.11    Resolution Providing Property Tax Relief (L. Christensen)

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

The following people spoke in opposition to the bill:
        Mark Alton , Davis County Treasurer.
        Mr. Mike Jerman, Utah Taxpayers Association
        
MOTION:    Rep. Last moved to not pass the bill out favorably.

SUBSTITUTE
MOTION:    Rep. Snow moved to proceed to the next item on the agenda. The motion passed unanimously with Rep. Moss absent for the vote.

S.B. 43    Providing Information Relating to Tax Credits and Tax Filing Due Dates (D. Steele)
Sen. Steele introduced the bill and explained it to the committee.

Bruce Johnson, Utah State Tax Commission spoke in favor of the bill.

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

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

Chair Harper adjourned the meeting at 4:20 p.m.    





                            __________________________
                            Rep. Wayne A. Harper, Chair