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House approves repeal of narrow tax‑reporting requirements for certain manufacturing exemptions
Summary
The House passed HB65 to repeal reporting requirements on some machinery, equipment and semiconductor exemptions and to remove an associated penalty; proponents called it a burden reduction, while opponents warned about loss of transparency and cited fiscal‑note ambiguities.
House Bill 65, which repeals reporting requirements for certain sales and use tax exemptions affecting machinery, equipment and semiconductors, passed the Utah House on Feb. 9 after floor debate about transparency and fiscal impact.
Sponsor Representative Julie Fisher presented the bill and said it removes the reporting requirement and eliminates the penalty previously codified for failing to report. "This repeals the requirements for an owner or a purchaser to report exemptions from state and local taxes on certain machinery, equipment, parts and semiconductors,"…
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