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House approves review of sales-tax exemptions after heated debate
Summary
The House passed Second Substitute House Bill 62 to convert selected sales-tax exemptions into credits or refunds and require five‑year reviews by the Utah Tax Commission; supporters said it adds accountability to roughly hundreds of millions in exemptions, while opponents warned it could shift business out of state. Vote: 22–15.
The Utah House on the floor approved Second Substitute House Bill 62, a measure designed to force periodic reviews of selected sales-tax exemptions and convert certain exemptions into refundable credits or credits on quarterly returns.
Sponsor Representative Garn said the bill is intended to “put a little accountability in the sales tax exemption category,” so the state can measure the cost and benefit of exemptions that now exist without a clean audit trail. The legislation would convert about 10 exemptions classified as economic-development incentives into credits or refunds…
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