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S.B. 276

This document includes Senate 2nd Reading Floor Amendments incorporated into the bill on Fri, Feb 25, 2011 at 2:39 PM by rday. -->             

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Senate 2nd Reading Amendments 2-25-2011 rd/rhr



Chief Sponsor: Ralph Okerlund

House Sponsor: Richard A. Greenwood


             7      LONG TITLE
             8      General Description:
             9          This bill modifies a provision relating to personal property audits.
             10      Highlighted Provisions:
             11          This bill:
             12          .    modifies a provision relating to who bears the cost of personal property audits by
             13      requiring S. [ a county ] the taxing entity for which the audit was performed .S to bear the full cost.
             14      Money Appropriated in this Bill:
             15          None
             16      Other Special Clauses:
             17          None
             18      Utah Code Sections Affected:
             19      AMENDS:
             20          59-2-705, as last amended by Laws of Utah 1988, Chapter 3

             22      Be it enacted by the Legislature of the state of Utah:
             23          Section 1. Section 59-2-705 is amended to read:
             24           59-2-705. Personal property audits -- Records confidential -- Cost.
             25          (1) The commission shall provide the services of qualified personal property appraisers
             26      for the purpose of auditing taxable personal property accounts in each county. The results of
             27      the audits shall be reported to the assessor of the county. The reports shall constitute the

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Senate 2nd Reading Amendments 2-25-2011 rd/rhr
     confidential records of the commission and the assessor's office but the commission or the
             29      assessor may publish statistical information based upon the audits. The accounts to be audited
             30      shall be determined by the commission and the county assessor.
             31          (2) The costs of all personal property audits made pursuant to Subsection (1) shall be
             32      computed by the commission upon the basis of the number of days of services rendered, and
             33      [70%] all of the cost shall be borne [by the commission and 30%] by the S. [ county ] taxing entity
             33a      for which the audit was performed .S . To assist the
             34      counties in budgeting for these services, the commission shall submit to each county assessor
             35      not later than May 1 of each year an estimate of the costs of the audits for the following fiscal
             36      year.

Legislative Review Note
    as of 2-15-11 2:54 PM

Office of Legislative Research and General Counsel

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