1st Sub. H.B. 41
         PROPERTY TAXATION OF BUSINESS PERSONAL PROPERTY

Senate Floor Amendments

Amendment 1 March 7, 2012 10:23 AM



Senator Curtis S. Bramble proposes the following amendments:


1.    Page 2, Lines 49 through 51 :    

             49          (2) (a) The taxable tangible personal property of a taxpayer is exempt from taxation if
             50      the taxable tangible personal property has a total aggregate fair market value per county of
             51      [$3,500]
{   $15,000   }        $10,000       or less.




2.    Page 3, Lines 62 through 72 :    

             62          (3)
{   (a) For calendar years beginning on or after January 1, [2008] 2014, the

             63      commission shall increase the dollar amount described in Subsection (2)(a):
             64          (i) by a percentage equal to the percentage difference between the consumer price
             65      index for the preceding calendar year and the consumer price index for calendar year [2006]
             66      2012; and
             67          (ii) up to the nearest $100 increment.
             68          (b) For purposes of this Subsection(3), the commission shall calculate the consumer
             69      price index as provided in Sections 1(f)(4) and 1(f)(5), Internal Revenue Code.
             70          (c) If the percentage difference under Subsection(3)(a)(i) is zero or a negative
             71      percentage, the consumer price index increase for the year is zero.
             72          (4)  
}
In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the


Page 1 of 1
LRGC phildean phildean E 03/07/12 9:50a