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Senate rejects bill to equalize cable/satellite tax credits after contentious debate
Summary
After hours of debate over a Valentine amendment to cap credits based on a Jan. 1, 2012 snapshot and discussion of a roughly $6.8 million fiscal exposure, the Senate voted 12–16 to defeat SB112 addressing multichannel video/franchise tax parity.
SALT LAKE CITY — The Utah Senate voted down Senate Bill 112 on Feb. 2 after lengthy debate over how to limit state refunds and credits tied to cable and satellite franchise taxes.
Sponsor Sen. Niederhauser described the bill as a move to bring parity between multichannel video providers. Sen. Valentine offered an amendment to “take a snapshot as of 01/01/2012” so that the…
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