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 [
{
$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
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