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Senate advances corporate apportionment bill to third-reading table amid fiscal debate
Utah Senate · February 27, 2006
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Summary
First substitute H.B. 53, proposing phased-in allowance for corporations to elect single-factor (sales) apportionment to encourage firms to locate or expand in Utah, was read for a third time after debate on fiscal impacts and then tabled on third.
Senators on Feb. 24 debated first substitute House Bill 53, a tax-reform measure to change apportionment rules for corporate income tax and provide incentives for companies to locate in Utah by phasing in single‑factor (sales-only) apportionment.
Senator Bramble described the bill’s intent as…
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