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MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 129 - State Capitol Building


                     February 10, 2004


MEMBERS PRESENT:     Rep. Wayne A. Harper, Chair
                Rep. Stephen D. Clark, Vice Chair
                Rep. Sheryl L. Allen     
                Rep. Eli H.An derson    
                 Rep. Judy Ann Buff mire
                Rep. Craig Frank
                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. Scott Daniels
                Rep. J. Morgan Philpot

STAFF:            Bryant Howe, Policy Analyst
                Michelle Teerlink, Secretary
                    
Note:    A list of visitors and a copy of handouts are filed with the committee minutes.

Vice Chair Clark called the meeting to order at 8:35 a.m.

SB0082S02    Deposits into Uintah Basin Revitalization Fund (Sen. R. Allen)

MOTION:    Rep. Snow moved to adopt 4th Substitute Sb 82 . The motion passed unanimously with Reps. Buffmire, Lawrence, and Moss absent for the vote.

    Sen. Beraly Evans introduced the bill and explained it to the committee. Rulon Gill, Questar Corporation spoke to the bill.

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

HB0117    Individual Income Tax - Treatment of Certain Military Income (Rep. D. Peterson)

    Rep. Peterson introduced the bill and explained it to the committee. Todd Vellince, Utah

National Guard and Commissioner Bruce Johnson assisted with the bill.

MOTION:    Rep. Harper moved to transmit the bill out favorably. The motion passed unanimously.

HB0168    Individual Income Tax and Corporate Franchise and Income Tax Task Force (Rep. W. Harper)

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

MOTION:    Rep. Allen moved to transmit the bill out favorably. The motion passed unanimously.

SB0120    Residential Property Tax Exemption (Sen. D. Thomas)

    Sen. Thomas introduced the bill and explained it to the committee. Barbara Kresser, Summit County Assessor assisted with the bill. Commissioner Bruce Johnson, Utah State Tax Commission spoke to the bill.

MOTION:    Rep. Last moved to transmit the bill out favorably. The motion passed unanimously.

MOTION:    Rep. Seitz moved to adjourn the meeting. The motion passed unanimously. The meeting adjourned at 9:08 a.m.


                            __________________________
                            Rep. Wayne A. Harper, Chair