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MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 445 - State Capitol, State Capitol Complex


                     March 4, 2009

MEMBERS PRESENT:     Rep. Todd Kiser, Chair
                Rep. Gage Froerer, Vice Chair
                Rep. Sheryl Allen                
                Rep. Tim M. Cosgrove
                 Rep. John Dougall                      
                 Rep. Susan Duckworth
                Rep. Julie Fisher
                Rep. Wayne Harper
                 Rep. Eric Hutchings                              
                Rep. Christine Johnson
                Rep. Carol Spackman Moss                          
                 Rep. Merlynn T. Newbold                         
                Rep. Stephen Sandstrom
                Rep. Jennifer Seelig
                Rep. Evan Vickers
                                 
MEMBERS ABSENT:      Rep. Greg Hughes             

STAFF PRESENT:        Bryant Howe, Assistant Director
                Rosemary Young, Secretary
                    
Note:    A list of visitors and a copy of handouts are filed with the committee minutes.

Rep. Kiser called the meeting to order at 8:10 a.m.

MOTION:    Rep. Johnson moved to approve the minutes of the March 2, 2009 meeting. The motion passed unanimously.

H.B. 378    Circuit Breaker Amendments (Rep. T. Cosgrove)

Rep. Cosgrove, assisted by Angela Oakes, Associate General Counsel, Office of Legislative Research and General Counsel, introduced the bill and explained it to the committee. Joyce Dolcourt, Legislative Coalition for People With Disabilities, and Allison Rowland, Voices for Utah Children, spoke in favor of the bill.

MOTION:    Rep. Johnson moved to transmit H.B. 378 with a favorable recommendation. The motion passed unanimously with Rep. Dougall, Rep. Fisher, and Rep. Hutchings absent for the vote.



S.B. 14    Financial Incentives for Motion Picture Productions (Sen. L. Hillyard) (Rep. K. Garn)

Sen. Hillyard, assisted by Jason Perry, Governor's Office of Economic Development, and Don Schain, Motion Picture Association of Utah, introduced the bill and explained it to the committee. Roger Armstrong, Motion Picture Advisory Committee, spoke in favor of the bill.

MOTION:    Rep. Newbold moved to amend the bill as follows:

1.    Page 9, Lines 262a through 263
    Senate 2nd Reading Amendments
    2-24-2009 :
    

             262a      S.     (3)
  (a)       The office may issue up to:

             262b          
{   (a)   }        (i)       $7,793,700 in tax credit certificates in a fiscal year under this part; and

             262c          
{   (b)   }        (ii)       $2,206,300 in motion picture cash rebates in a fiscal year under this part. .S       

    (b)(i) The tax credit amount under Subsection (3)(a) is available for fiscal years 2010 and 2011.
    (ii) Issuance of a tax credit certificate in subsequent years is subject to authorization by the Legislature.
    (c) If the total amount of tax credit certificates issued in a fiscal year is less than the amount authorized under this Subsection (3), the remaining amount is nonlapsing and may be issued in a subsequent fiscal year.  

             263          Section 6. Section 63M-1-1804 is repealed and reenacted to read:

The motion passed unanimously with Rep. Hutchings absent for the vote.

MOTION:    Rep. Dougall moved to transmit S.B. 14 as amended with a favorable recommendation. The motion passed unanimously.

MOTION:    Rep. Harper moved to adjourn. The motion passed unanimously.
Rep. Kiser adjourned the meeting at 8:56 a.m.


                            __________________________
                            Rep. Todd E. Kiser, Chair