NOTICE OF MEETING

TO: Revenue and Taxation Interim Committee

FROM: Bryant R. Howe, Research Analyst

DATE: August 2, 2000

SUBJECT: August 16 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, August 16, 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, August 16, 2000 -- 9:00 A.M. -- Room 223 State Capitol

9:00 1. Committee Business --

a. Approval of minutes of July 12, 2000 meeting

9:15 2. Steam Coal Tax Credit -- Legislation Extending Sunset Date

a. Review of Issues Surrounding GATT, NAFTA, and Commerce Clause --

b. Review of Proposed Legislation -- Rebecca L. Rockwell, Associate General Counsel

c. Public Comment

d. Committee Discussion and Action

9:45 3. Income Tax Deduction for Interest Income

a. Introduction and Background -- Rep. Short

b. Review of Proposed Legislation -- Rebecca L. Rockwell, Associate General Counsel

c. Public Comment

d. Committee Discussion and Action

10:30 4. Transient Room Tax Issues -

Overview of the County Transient Room Tax, the Municipal Transient Room Tax, and Review of Utah Supreme Court Decision in the case of Airport Hilton Ventures, Ltd. vs. State Tax Commission
Public Comment
Committee Discussion and Direction for Future Action

12:00 5. Other Business -