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SENATE REVENUE AND TAXATION STANDING COMMITTEE MEETING
WEDNESDAY, FEBRUARY 13, 2008, 9:00 A.M.
Members Present: Sen. Wayne L. Niederhauser, Chair Sen. Mike Dmitrich
Sen. Brent Goodfellow
Sen. Jon J. Greiner
Sen. Howard A. Stephenson
Members Excused: Sen. Curtis S. Bramble
Pres. John Valentine
Sen. Michael G. Waddoups
Staff Present: Bryant Howe, Assistant Director, Office of Legislative Research and General Counsel
Karen Allred, Committee Secretary
Public Speakers Present: Bruce Johnson, Commissioner, Utah State Tax Commission
Ronald Mortensen, Citizens Coalition for Tax Fairness
A list of visitors and a copy of handouts are filed with the Committee minutes.
Chair Niederhauser called the meeting to order at 9:03 a.m.
Approval of Minutes
MOTION: Sen. Greiner moved to approve the minutes of February 8, 2008.
The motion passed unanimously with Sens. Dmitrich and Goodfellow absent for the vote.
Sen. Greiner assumed the Committee Chair.
1. S.B. 204 Income Taxation - Real Estate Investment Trusts (W. Niederhauser)
Sen. Niederhauser explained the bill and answered questions from the Committee.
Bruce Johnson, Commissioner, Utah State Tax Commission, further clarified the bill.
MOTION: Sen. Goodfellow moved to pass S.B. 204 out of Committee with a favorable recommendation.
The motion passed unanimously.
2. S.B. 258 Property Tax Committee (W. Niederhauser)
Sen. Niederhauser explained the bill and answered questions from the Committee.
Ronald Mortensen, Citizens Coalition for Tax Fairness, spoke to the bill.
MOTION: Sen Niederhauser moved to pass S.B. 258 out of Committee with a favorable
recommendation.
The motion passed unanimously.
MOTION: Sen. Niederhauser moved to adjourn.
The motion passed unanimously at 9:30 a.m..