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Senate orders interim study of 27 sales tax exemptions after converting SR2 to joint resolution
Summary
Senator McAllister introduced SR2 to ask the interim Revenue and Taxation Committee to review 27 sales tax exemptions (estimated $483,360,000 in annual exempt sales); the Senate converted SR2 to SJR33 to involve the House and passed it (25 ayes, 1 nay, 3 absent).
Senator McAllister introduced a resolution asking the interim Revenue and Taxation Committee to review Utah's sales tax exemptions and consider rescinding ones that have outlived their purpose. He said the state currently lists 27 exemptions with an estimated $483,360,000 in exempted sales and urged a comprehensive interim study to compare…
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