S.B.
112
MULTI-CHANNEL VIDEO OR AUDIO SERVICE TAX AMENDMENTS
Senate Floor
Amendments
Amendment 1 February 6, 2012 11:31 AM
Senator John L. Valentine proposes the following amendments:
1. Page 1, Lines 9 through 17 :
9 General Description:
10 This bill
{
increases
}
modifies
a tax credit and repeals obsolete language under the
Multi-Channel
11 Video or Audio Service Tax Act.
12 Highlighted Provisions:
13 This bill:
14 .
{
increases
}
modifies
a tax credit under the Multi-Channel Video or Audio Service Tax
Act;
15 . repeals obsolete language related to a study on the Multi-Channel Video or Audio
16 Service Tax Act; and
17 . makes technical and conforming changes.
2. Page 2, Lines 35 through 44 :
35 (2)
(a)
The nonrefundable tax credit described in Subsection (1):
36
{
(a)
}
(i)
may be claimed against the tax the multi-channel video or audio service provider
37 would otherwise be required to collect under this chapter from its purchasers within the state;
38 and
39
{
(b)
}
(ii) except as provided in Subsection (2)(b),
is in an amount equal to [50% of] the total
amount of county or municipality
40 franchise fees that the multi-channel video or audio service provider pays:
41
{
(i)
}
(A)
to all of the counties and municipalities within the state that impose a county or
42 municipality franchise fee; and
43
{
(ii)
}
(B)
for the calendar quarter for which the multi-channel video or audio service provider
44 files a return under this chapter.
(b) For purposes of Subsection (2)(a), the tax credit may not exceed the amount a multi-channel
video or audio service provider would have paid:
(i) to all of the counties and municipalities within the state that impose a county or municipality franchise fee;
(ii) for the calendar quarter for which the multi-channel video or audio service provider files a return under this chapter; and
(iii) at the franchise fee rates in effect on January 1, 2012, for those counties and municipalities.
Page 1 of 1
LRGC rrockwell rrockwell