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House approves one-year tax-rate fix to preserve local revenue after 1998 registration change
Summary
Lawmakers approved a second-substitute to HB178 to correct the Tax Commissionf9s treatment of 1999 growth after a 1998 vehicle registration reform; sponsor said the change preserves intended revenue for local taxing entities and the House passed the measure unanimously (64-0).
The Utah House on Monday approved a second-substitute to House Bill 178 intended to restore the legislative intent of a 1998 reform that replaced a vehicle property tax with a fee and included provisions to keep taxing entities financially whole.
Sponsor Representative Short told colleagues the substitute instructs the Tax Commission to use actual 1999 growth, not anticipated growth, when adjusting rates so local…
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