MINUTES OF THE

HOUSE REVENUE AND TAXATION

STANDING COMMITTEE

Room 445, State Capitol

February 23, 2016

Members Present:                Rep. Daniel McCay, Chair

                                                Rep. Jeremy A. Peterson, Vice Chair

                                                Rep. Joel K. Briscoe

                                                Rep. Rich Cunningham                                                                                                          Rep. Gage Froerer

                                                Rep. Brian M. Greene

                                                Rep. Eric K. Hutchings

                                                Rep. Ken Ivory                                                                                                                       Rep. Brian S. King

                                                Rep. John Knotwell

                                                Rep. Mike K. McKell

                                                Rep. Douglas V. Sagers

                                                Rep. Jon E. Stanard

Staff Present:                        Leif G. Elder, Policy Analyst

                                                An Bradshaw, Secretary

NOTE: A list of visitors and a copy of handouts are filed with the committee minutes.

Vice Chair Peterson called the meeting to order at 8:17 a.m.

Rep. King assumed the chair.

H.B. 327         Energy Tax Credit Amendments (Rep. J. Peterson)

Rep. Peterson explained the bill to the committee and requested it be returned to the Rules Committee for interim study.

MOTION:     Rep. Knotwell moved to return H.B. 327 to the Rules Committee for interim study. The motion passed unanimously with Rep. Greene, Rep. Froerer, and Rep. Hutchings absent for the vote.

Vice Chair Peterson resumed the chair.

H.B. 233         Tax Exemption for Military Survivor Benefits (Rep. P. Ray)

Rep. Ray explained the bill to the committee.

MOTION:     Rep. Stanard moved to pass the bill out favorably.

SUBSTITUTE

MOTION:     Rep. Knotwell moved to replace H.B. 233 with 1st Sub. H.B. 233. The motion passed unanimously with Rep. Greene, Rep. Hutchings, and Rep. McCay absent for the vote.

MOTION:     Rep. Stanard moved to pass 1st Sub. H.B. 233 out favorably. The motion passed unanimously with Rep. Hutchings and Rep. McCay absent for the vote.

2nd Sub. H.B. 190     Taxation of Foreign Income Amendments (Rep. B. Wilson)

Rep. Wilson explained the bill and distributed "House Bill 190 Explanation" to the committee. Steve Young, Holland and Hart LLP, assisted, and John Valentine, Chair, State Tax Commission, answered questions from the committee.

MOTION:     Rep. Cunningham moved to replace 2nd Sub. H.B. 190 with 3rd Sub. H.B. 190. The motion passed unanimously with Rep. McCay absent for the vote.

MOTION:     Rep. Stanard moved to pass 3rd Sub. H.B. 190 out favorably.

SUBSTITUTE

MOTION:     Rep. King moved to hold 3rd Sub. H.B. 190. The motion failed with Rep. Briscoe and Rep. King voting in favor.

The underlying motion passed favorably with Rep. Briscoe and Rep. King voting in opposition.

H.B. 242         Alternative Energy Development Tax Amendments (Rep. S. Handy)

The bill was not considered.

H.B. 306         Taxation of Social Security and Retirement Benefits (Rep. J. Fawson)

The bill was not considered.

MOTION:     Rep. McCay moved to adjourn the meeting. The motion passed unanimously.

Vice Chair Peterson adjourned the meeting at 9:14 a.m.

Daniel McCay, Chair