NOTICE OF MEETING







TO: Revenue and Taxation Interim Committee



FROM: Bryant R. Howe, Research Analyst



DATE: May 3, 2000



SUBJECT: May 17 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, May 17, 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, May 17, 2000 -- 9:00 A.M. -- Room 223 State Capitol



9:00 1. Committee Business --

a. Approval of minutes of April 19, 2000 meeting



9:10 2. Revenue Update -- Doug Macdonald, Utah State Tax Commission



9:20 3. Property Taxes on Secondary Residences --

a. Public Testimony from Owners of Secondary Residences -- Mary Ellen Pugsley, Chair, Big Cottonwood Canyon Community Council; Keith W. Hall, President, Upper Weber Canyon Property Owners Association

b. Additional Public Testimony

c. Committee Discussion and Direction for Possible Future Action



9:50 4. 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



10:30 5. Sunset Review of Steam Coal Tax Credit --

a. Explanation of Credit and Historical Review of Number and Dollar Amount of Credits Taken by Taxpayers -- Bryant R. Howe, Research Analyst

b. Public Comment

c. Committee Discussion and Direction for Possible Future Action



11:20 6. Sunset Review of Residential Energy Systems Tax Credit --

a. Explanation of Credit and Historical Review of Number and Dollar Amount of Credits Taken by Taxpayers -- Bryant R. Howe, Research Analyst

b. Public Comment

c. Committee Discussion and Direction for Possible Future Action



12:00 7. Other Business --

a. Next Meeting: Wednesday, June 14, 2000 (Second Wednesday)