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House spreads intent language and advances Olympic-ticket tax exemption, debates financing safeguards
Summary
The House examined and spread intent language tied to Senate Bill 272 and related resolutions about Olympic ticket tax exemptions and financing arrangements, including contingencies tied to Salt Lake City Ordinances, SLOC responsibilities and a 1991 agreement referenced in debate.
The House considered intent language and amendments related to Olympic financing and Senate Bill 272, which would exempt certain Olympic ticket sales and user fees from sales-and-use taxation during a defined period. Members discussed administrative rulemaking authority to define purchasers and look-back reporting requirements…
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