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Utah Senate rejects sponsor’s bid to alter sales‑tax exemption, SB2 fails
Summary
Senate debated Senator John Holmgren’s measure to roll back a sales‑tax exemption sunset to 1994 in order to address perceived inequities between Geneva Steel and Nucor. Under a suspension motion the bill received a roll‑call vote and failed, 10–14 with 5 absent.
Senator John Holmgren introduced Senate Bill 2 on March 31, 1993, urging the Utah Senate to move the sunset date for a sales‑tax exemption back to 1994 to correct what he described as an inequity between Geneva Steel and other manufacturers such as Nucor. Holmgren said the bill would “put it back to where they were before,” arguing the extension adopted in a prior session unfairly advantaged one set of producers over others and citing a fiscal note that he described as roughly $1,800,000.
Holmgren told…
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