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Commission recommends favorable parts of HB 77 covering mineral tax filings and property tax-relief changes
Summary
The commission voted to recommend Commission-requested portions of HB 77, which the agenda summary lists as requiring electronic filing for mineral tax returns, clarifying mineral withholding reporting on Form 1099, and modifying property tax-relief definitions. The motion passed unanimously.
The Utah State Tax Commission reviewed HB 77 at its Jan. 14 meeting. The agenda summary for HB 77 identifies a range of provisions: requiring electronic filing of mineral production tax returns and withholding forms; clarifying that mineral producers must report mineral production withholding on Form 1099; harmonizing penalties for failure to file 1099s with employer penalty provisions; modifying the definition of "indigent individual" as applied to property tax relief by removing language that limited extreme-hardship findings to counties; and other technical changes. The commission voted to make a favorable recommendation on the parts of HB 77 that the commission requested.
Commissioner Rebecca L. Rockwell moved the recommendation; Chair Valentine took a roll call and the motion passed unanimously. The transcript records no amendments or additional direction tied to the recommendation during this meeting.
