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H.B. 20 Enrolled

             1     

REPEAL OF CERTAIN INCOME TAX
             2      CREDITS AND CONTRIBUTIONS
             3      2009 GENERAL SESSION
             4      STATE OF UTAH
             5      Chief Sponsor: Julie Fisher
             6      Senate Sponsor: Wayne L. Niederhauser
             7     
             8      LONG TITLE
             9      General Description:
             10          This bill amends the Individual Income Tax Act and related provisions to repeal certain
             11      income tax credits and contributions.
             12      Highlighted Provisions:
             13          This bill:
             14          .    repeals the income tax targeted jobs tax credit for individuals, estates, and trusts;
             15          .    repeals the individual income tax contributions for:
             16              .    the Utah College of Applied Technology; and
             17              .    the Wolf Depredation and Management Restricted Account;
             18          .    provides that contributions and interest remaining on June 30, 2009 in the Wolf
             19      Depredation and Management Restricted Account shall be deposited into the
             20      Agricultural and Wildlife Damage Prevention Account;
             21          .    modifies the sources of funding for the Agricultural Wildlife Damage Prevention
             22      Account to include contributions and interest remaining on June 30, 2009 in the
             23      Wolf Depredation and Management Restricted Account;
             24          .    provides repeal dates for provisions relating to:
             25              .    the Wolf Depredation and Management Restricted Account; and
             26              .    contributions and interest remaining on June 30, 2009 in the Wolf Depredation
             27      and Management Restricted Account that are deposited into the Agricultural
             28      and Wildlife Damage Prevention Account; and
             29          .    makes technical changes.

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             30      Monies Appropriated in this Bill:
             31          None
             32      Other Special Clauses:
             33          This bill has retrospective operation for taxable years beginning on or after January 1,
             34      2009.
             35      Utah Code Sections Affected:
             36      AMENDS:
             37          4-23-7.5, as last amended by Laws of Utah 1997, Chapter 82
             38          23-14-14.1, as last amended by Laws of Utah 2008, Chapter 389
             39          59-10-1304, as renumbered and amended by Laws of Utah 2008, Chapter 389
             40          59-10-1307, as last amended by Laws of Utah 2008, Chapter 382 and renumbered and
             41      amended by Laws of Utah 2008, Chapter 389
             42          63I-2-223, as renumbered and amended by Laws of Utah 2008, Chapter 382
             43      ENACTS:
             44          63I-2-204, Utah Code Annotated 1953
             45      REPEALS:
             46          59-10-1008, as renumbered and amended by Laws of Utah 2006, Chapter 223
             47          59-10-1309, as renumbered and amended by Laws of Utah 2008, Chapter 389
             48     
             49      Be it enacted by the Legislature of the state of Utah:
             50          Section 1. Section 4-23-7.5 is amended to read:
             51           4-23-7.5. Agricultural and Wildlife Damage Prevention Account.
             52          (1) There is created in the General Fund a restricted account known as the Agricultural
             53      and Wildlife Damage Prevention Account.
             54          (2) Money received under Section 4-23-7 shall be deposited by the commissioner of
             55      agriculture and food in the Agricultural and Wildlife Damage Prevention Account to be
             56      appropriated for the purposes provided in this chapter.
             57          (3) Any supplemental contributions received by the department from livestock owners

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             58      for predator control programs shall be deposited into the Agricultural and Wildlife Damage
             59      Prevention Account.
             60          (4) The Division of Finance shall deposit contributions and interest remaining on June
             61      30, 2009 in the Wolf Depredation and Management Restricted Account created in Section
             62      23-14-14.1 into the Agricultural and Wildlife Damage Prevention Account to be appropriated
             63      for the purposes provided in this chapter.
             64          Section 2. Section 23-14-14.1 is amended to read:
             65           23-14-14.1. Wolf Depredation and Management Restricted Account -- Interest --
             66      Use of contributions and interest.
             67          (1) There is created within the General Fund the Wolf Depredation and Management
             68      Restricted Account.
             69          (2) The account shall be funded by contributions deposited into the Wolf Depredation
             70      and Management Restricted Account in accordance with Section 59-10-1309 .
             71          (3) (a) The Wolf Depredation and Management Restricted Account shall earn interest.
             72          (b) Interest earned on the Wolf Depredation and Management Restricted Account shall
             73      be deposited into the Wolf Depredation and Management Restricted Account.
             74          (4) (a) Subject to Subsection (4)(b) and except as provided in Subsection (5),
             75      contributions and interest deposited into the Wolf Depredation and Management Restricted
             76      Account shall be used by the Division of Wildlife Resources for:
             77          (i) payments for livestock depredation by wolves; or
             78          (ii) wolf management.
             79          (b) Contributions and interest deposited into the Wolf Depredation and Management
             80      Restricted Account may be used for the purposes described in Subsection (4)(a) only to the
             81      extent permitted by federal law.
             82          (5) Any contributions and interest remaining on June 30, 2009 in the Wolf
             83      Depredation and Management Restricted Account shall be deposited into the Agricultural and
             84      Wildlife Damage Prevention Account created in Section 4-23-7.5 .
             85          Section 3. Section 59-10-1304 is amended to read:

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             86           59-10-1304. Removal of designation and prohibitions on collection for certain
             87      contributions on income tax form -- Conditions for removal and prohibitions on
             88      collection -- Commission reporting requirements.
             89          (1) (a) If a contribution or combination of contributions described in Subsection (1)(b)
             90      generate less than $30,000 per year for three consecutive years, the commission shall remove
             91      the designation for the contribution from the individual income tax return and may not collect
             92      the contribution from a resident or nonresident individual beginning two taxable years after
             93      the three-year period for which the contribution generates less than $30,000 per year.
             94          (b) The following contributions apply to Subsection (1)(a):
             95          (i) the contribution provided for in Section 59-10-1305 ;
             96          (ii) the contribution provided for in Section 59-10-1306 ;
             97          (iii) the sum of the contributions provided for in Subsection 59-10-1307 (1)[(a)];
             98          [(iv) the contribution provided for in Subsection 59-10-1307 (1)(b);]
             99          [(v)] (iv) the contribution provided for in Section 59-10-1308 ; or
             100          [(vi) the contribution provided for in Section 59-10-1309 ; or]
             101          [(vii)] (v) the contribution provided for in Section 59-10-1310 .
             102          (2) If the commission removes the designation for a contribution under Subsection (1),
             103      the commission shall report to the Revenue and Taxation Interim Committee that the
             104      commission removed the designation on or before the November interim meeting of the year
             105      in which the commission determines to remove the designation.
             106          Section 4. Section 59-10-1307 is amended to read:
             107           59-10-1307. Contributions for education.
             108          (1) Except as provided in Section 59-10-1304 , a resident or nonresident individual
             109      that files an individual income tax return under this chapter may designate on the resident or
             110      nonresident individual's individual income tax return a contribution as provided in this part to:
             111          (a) [(i)] the foundation of any school district if that foundation is exempt from federal
             112      income taxation under Section 501(c)(3), Internal Revenue Code; or
             113          [(ii)] (b) a school district described in Title 53A, Chapter 2, School Districts, if the

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             114      school district has not established a foundation[; or].
             115          [(b) a college campus of the Utah College of Applied Technology listed in Section
             116      53B-2a-105 .]
             117          (2) If a resident or nonresident individual designates an amount as a contribution
             118      under:
             119          (a) Subsection (1)(a)[(i)], but does not designate a particular school district foundation
             120      to receive the contribution, the contribution shall be made to the Utah State Office of
             121      Education to be distributed to one or more associations of foundations:
             122          (i) if those foundations that are members of the association are established in
             123      accordance with Section 53A-4-205 ; and
             124          (ii) as determined by the Utah State Office of Education; or
             125          (b) Subsection (1)[(a)(ii)](b), but does not designate a particular school district to
             126      receive the contribution, the contribution shall be made to the Utah State Office of Education.
             127          (3) The commission shall:
             128          (a) determine annually the total amount of contributions designated to each entity
             129      described in Subsection (1) in accordance with this section; and
             130          (b) subject to Subsection (2), credit the amounts described in Subsection (1) to the
             131      entities.
             132          Section 5. Section 63I-2-204 is enacted to read:
             133          63I-2-204. Repeal dates -- Title 4.
             134          Subsection 4-23-7.5 (4) is repealed July 1, 2010.
             135          Section 6. Section 63I-2-223 is amended to read:
             136           63I-2-223. Repeal dates -- Title 23.
             137          Section 23-14-14.1 is repealed July 1, 2009.
             138          Section 7. Repealer.
             139          This bill repeals:
             140          Section 59-10-1008, Targeted jobs tax credit.
             141          Section 59-10-1309, Contribution to Wolf Depredation and Management

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             142      Restricted Account.
             143          Section 8. Retrospective operation.
             144          This bill has retrospective operation for taxable years beginning on or after January 1,
             145      2009.

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