NOTICE OF MEETING

TO: Revenue and Taxation Interim Committee

FROM: Bryant R. Howe, Research Analyst

DATE: April 10, 2000

SUBJECT: April 19 Meeting

Sen. Howard A. Stephenson and Rep. Raymond W. Short have scheduled a meeting of the Revenue and Taxation Interim Committee as follows:

DATE: Wednesday, April 19, 2000

TIME: 9:00 a.m.

PLACE: 223 State Capitol

An agenda is included. If you are unable to attend, please call me or Kaye Clark at 538-1032.

COMMITTEE MEMBERS

Sen. Howard A. Stephenson, Senate Chair

Rep. Raymond W. Short, House Chair

Sen. Ron Allen

Sen. Mike Dmitrich

Sen. Robert F. Montgomery

Sen. L. Steven Poulton

Sen. John L. Valentine

Rep. Loretta Baca

Rep. Ralph Becker

Rep. Judy A. Buffmire

Rep. Margaret Dayton

Rep. Kevin S. Garn

Rep. Wayne A. Harper

Rep. David M. Jones

Rep. Loraine Pace

Rep. Tammy J. Rowan

Rep. Jack A. Seitz

Rep. Richard L. Walsh

Proposed Agenda

Revenue and Taxation Interim Committee

Wednesday, April 19, 2000 -- 9:00 A.M. -- Room 223 State Capitol

9:00 1. Committee Business --

a. Approval of minutes of November 17, 1999 meeting

9:10 2. Economic Development Policies: A 50 State Comparison -- An Overview of Recent Findings Published in the 2000 Economic Report to the Governor

9:40 3. Property Tax Exemption for Personal Property Used in the Filmmaking Industry -

a. Introduction of Issue -- Sen. Mike Dmitrich

b. Constitutional Framework -- Rebecca L. Rockwell, Associate General Counsel

c. Possible Revenue Effects of a Change in the Tax Treatment of Personal Property - Bryant R. Howe, Research Analyst

d. Comment from County Assessors

e. Comment from Utah Film Commission and the Filmmaking Industry

f. Committee Discussion and Direction for Possible Future Action

10:30 4. Property Taxes on Secondary Residences --

a. Introduction of Issue --

b. Revenue Effects of Changes in Tax Treatment of Secondary Residences -- Bryant R. Howe, Research Analyst

c. Comment from County Assessors

d. Public Testimony from Owners of Secondary Residences and Taxing Entities

e. Committee Discussion and Direction for Possible Future Action

11:20 5. Tax Penalties -- False Document or Return-

a. Presentation of Issue -- Utah State Tax Commission

b. 2000 General Session Legislation: "Tax Penalties" -- Rebecca L. Rockwell, Associate General Counsel

c. Public Comment

d. Committee Discussion and Direction for Possible Future Action

12:00 6. Other Business -