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Senate Accepts Conference Report Requiring Tax Commission Study of Sales-and-Use Exemptions
Summary
The Utah Senate accepted a conference committee report replacing House Bill 25 with a second substitute that directs the Utah State Tax Commission to study revenue impacts of sales-and-use tax exemptions and creates a legislative liaison committee to review GOED activity under nondisclosure rules.
The Utah Senate voted to accept a conference committee report that replaces House Bill 25 with a second substitute directing a state review of sales-and-use tax exemptions.
Senator Bramble, sponsor of the conference committee motion, said the substitute requires that "the Utah State Tax Commission in consultation with the office of legislative fiscal analyst shall study and prepare a report on the state revenue impacts of sales and use tax exemptions," and explained the change came after discussion about the fiscal impacts of repeal on affected industries.
The conference report also establishes an economic development legislative liaison committee composed of four House and four Senate members to meet periodically and observe the operations of the Governor's Office of Economic Development (GOED). Bramble said the committee would operate under nondisclosure for confidential material but could report general findings back to the Legislature.
Senators debated the motion on the floor and then approved the conference committee recommendation on a roll-call vote; the clerk announced that the second substitute for House Bill 25 "having received 23 yay votes, 0 nay votes, 6 being absent, will be referred to the House for its consideration." The motion to accept the report was made and explained on the floor by Senator Bramble.
The legislation keeps a formal, legislative role in tracking the fiscal effects of exemptions and creates an oversight window into GOED's economic-development negotiations and programs, while preserving confidentiality for sensitive deal information. The House will next receive the second substitute for consideration or final action.
