assistance of Attorney Steven Johnson.
The motion passed with Rep. Cosgrove, Rep. Johnson, Rep. McGee, and Rep. Moss voting in
opposition.
MOTION: Rep. Harper moved to transmit the bill with a favorable recommendation. The
motion passed unanimously.
H.B. 123 Tax Revisions (Rep. J. Dougall)
MOTION: Rep. Cosgrove moved to amend the bill as follows:
1. Page
1, Lines 18 through 26
:
18
. enacts
19
rate for purposes of the Single Rate Individual Income Tax Act, including:
20
. requiring the apportionment of those tax credits for a nonresident
individual or
21
part-year resident individual;
22
. requiring the
Division of Finance
}
State Tax Commission
to
make transfers from the General Fund to
23
the Education Fund equal to the amount of those tax credits claimed;
24
. requiring the State Tax Commission to report to the Division of
Finance the
25
amount of those tax credits claimed; and
26
. granting rulemaking authority to the State Tax Commission;
}
2. Page
6, Line 182 through Page 7, Line 186
:
182
59-10-1206.1. Definitions -- Nonrefundable tax credits allowed on the basis of
183
filing status and the state sales and use tax rate --
Division of
Finance
}
Commission
to transfer from the
184
General Fund into the Education Fund an amount equal to the amount of tax credits
185
claimed
-- Commission to report to the Division of Finance the amount of tax
credits
186
claimed -- Commission rulemaking authority
}
.
3. Page
7, Lines 201 through 208
:
201
(2) Except as provided in Section
59-10-1206.9
and subject to Subsections (3) and
(4),
202
for taxable years beginning on or after January 1, 2007, a claimant:
203
(a) who has a single filing status may claim a
204
(i) $5,000; and
205
(ii) the percentage listed in Subsection
59-12-103
(2)(a)(i); or
206
(b) who has a joint filing status may claim a
207
(i) $10,000; and
208
(ii) the percentage listed in Subsection
59-12-103
(2)(a)(i).
4. Page
8, Lines 219 through 226
:
219
(5)
(a) Subject to Subsection (5)(b), the Division of Finance
}
The
commission
shall transfer at least
220
annually from the General Fund into the Education Fund an amount equal to the amount
of tax
221
credits claimed in accordance with this section.
222
(b) The commission shall report to the Division of Finance the amount of
tax credits
223
claimed in accordance with this section.
224
(6) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking
Act, the
225
commission may make rules providing procedures for reporting to the Division of
Finance the
226
amount of tax credits claimed in accordance with this section.
}
The motion passed unanimously.
Rep. Dougall introduced amended H.B. 123 and explained it to the committee with a handout.
Arthur Sutherland from the Coalition of Religious Communities spoke against the bill. Mike
Jerman, Utah Taxpayers Association, and Bruce Johnson, Utah State Tax Commission, speaking
personally, spoke for the bill. The following individuals spoke to the bill:
Courtney White, Utah Education Association
Doug McDonald, Utah Issues (handout)
Steven H. Peterson, Utah School Boards Association and Utah School Superintendents
Association
Sarah Wilhelm, Voices for Utah Children
MOTION: Rep. Hughes moved to transmit the amended bill with a favorable recommendation.
MOTION: Rep. Hughes moved to adjourn. The motion passed unanimously.
Rep. Frank adjourned the meeting at 9:56 am.
__________________________
Rep. John Dougall, Chair