Watchlist - Week 1 Updated

Page 1

Formoreinformation,contact: RustyCannon,President-801.721.7136or MalahArmstrong,VicePresident-801.735.6782

UtahTaxpayersAssociation2023LegislativeWatchlist-January17,2023

Number Title

HighPriorityLegislation

HB54 TaxRevisions

HB101 FoodSalesTaxAmendments

HB125 Post-retirementReemploymentAmendments

Sponsor Description

Eliason

Rohner

Lowerstheindividualandcorporateincometax ratesfrom4.85%to4.80%

Birkeland

HB126 Post-retirementReemploymentModifications

HB172 FoodSalesTaxAmendments

Birkeland

Lesser

Positionsnotfinalizedindicated inparanthesis.S=Support.M= Monitor.O=Oppose.

Comments Position HouseFloor SenateFloor

FiscalNote-$96MM S

Removesthestatetaximposedonamountspaid orchargedforfoodandfoodingredients FiscalNote-$166MM O

Forpoliceandteachers,reducesthewaiting periodforpost-retirementreemploymentfrom1 yearto60days

Allowsaretireewhowasapublicsafetyservice employeeorateachertobereemployedwitha participatingemployerwithintheone-year separationperiodif theretireedoesnotearn morethan$35,000peryearinpostretirement reemployment

FiscalNote-$47MMin unfundedliability O

FiscalNote-$73MMin unfundedliability O

Removesthestatetaximposedonamountspaid orchargedforfoodandfoodingredients, excludescandy FiscalNote-$161MM O

HB215

SJR1

FundingForTeacherSalariesandOptional EducationOpportunities Pierucci

ProposaltoAmendUtahConstitution-Revenueand Taxation McCay

HB56

TaxAssessmentAmendments

3SubHB58 TaxModifications

HB83 TaxCreditforEducatorExpenses

HB88 SocialSecurityTaxAmendments

Eliason

EstablishestheUtahFitsAllScholarshipProgram andraisesteachersalaries

FiscalNote-$240MM ongoing($200MMsalary adjustment;$40MM scholarship). S P

Permitstheexemptionofgreaterthan45%ofthe fairmarketvalueofresidentialpropertybe exemptionfrompropertytax;andprohibitsthe Statefromimposingataxonthetransferofreal property. Notopposedtothe prohibitionoftransfertax. O

Requiresacountyassessortoprovidecertain assessmentdatatothecommissionanddatesit isdueby S

Spendlove Makestechnicalcorrectionsrelatedtotax M P

Birkeland

Brooks

Enactsanonrefundableindividualincometax creditthataneligibleeducatormayclaimfor certainout-of-pocketclassroomexpenses FiscalNote-$28MM O

Expandseligibilityforthesocialsecuritybenefits taxcreditbyincreasingthethresholdsforthe income-basedphaseout

FiscalNote-$15MM S

HouseofRepresentativesSponsoredLegislation

Formoreinformation,contact: RustyCannon,President-801.721.7136or MalahArmstrong,VicePresident-801.735.6782

UtahTaxpayersAssociation2023LegislativeWatchlist-January17,2023

Number Title

Sponsor Description

HB104 ModificationstoPublicSafetyRetirement

HB130 AdoptionTaxCredit

Gwynn

Forpoliceandfirefighters,reducesthewaiting periodforpost-retirementreemploymentfrom1 yearto90daysmodifiestheyearsofserviceand increasesthemultiplierforpurposesofcalculating theretirementallowanceprovidedtoamemberof theNewPublicSafetyandFirefighterTierII hybridretirementsystem.Sunsetsin5years.

Shipp

Positionsnotfinalizedindicated inparanthesis.S=Support.M= Monitor.O=Oppose.

Comments Position HouseFloor SenateFloor

FiscalNote-$47.8MMin unfundedliability M

Enactsanonrefundableandarefundable individualincometaxcreditforexpensesrelated totheadoptionofachild,forwhicheligibility dependsontheindividual'sincome FiscalNote-$15MM O

HB170 ChildCareTaxCreditAmendments Pulsipher Enactsanonrefundablechildcaretaxcredit FiscalNote-$41.8MM O

HB175 SchoolFeesAmendments

HB213 SocialSecurityTaxAmendments

HB220 EmmissionsReductionsAmendments

HB231 LowIncomeHousingPropertyTaxExemption

SenateSponsoredLegislation

Strong

Prescribes,modifiesandauthorizeswhatfeesan LEAmaychargeasecondarystudent

Thurston

Stoddard

Eliason

SJR3 ProposaltoAmendUtahConstitution-PropertyTax Exemptions Fillmore

SB11 RetirementFiscalNoteRequirements

Fillmore

SB14 LeasedTangiblePersonalPropertyTax Wilson

SB34 WaterInfrastructureFundingStudy McCay

FiscalNote-$0;however, $23MMisusuallycollected inschoolfees S

Establishesalimitontheamountofsocial securitybenefitthatiseligibleforthetaxcredit andremovestheincomelimitationsoneligibility forthetaxcredit FiscalNote-$106MM S

enactsthePollutionEmissionReductionAct, createsavehicleemissionsfeeprogram,imposes requirementsonstructures,increasesfueltaxon non-tier3gasoline O

Providesapropertytaxexemptionforprivate propertyusedfor"permanentsupportivehousing" M

Authorizeapropertytaxexemptionforprivately ownedrealpropertythatisusedtosupportpublic education,children,orindividualswithadisability. M

LFAtoincludespecifiedadditionalinformationin thefiscalestimateforeachproposedbillthat changesretirementbenefitsforpublicemployees. S P

Providesthatthesaleofleasedtangiblepersonal propertyfromthelessortothelesseeissubjectto salesandusetax. M P

DirectstheDepartmentofNaturalResourcesto studytheuseofpropertytaxrevenuetofund waterinfrastructure,treatment,andreportto committee. S

Formoreinformation,contact: RustyCannon,President-801.721.7136or MalahArmstrong,VicePresident-801.735.6782

UtahTaxpayersAssociation2023LegislativeWatchlist-January17,2023

Number Title

SB81 PropertyTaxDeferralRevisions

SB82 SalesTaxAmendments

Sponsor Description

Fillmore

Harper

Positionsnotfinalizedindicated inparanthesis.S=Support.M= Monitor.O=Oppose.

Comments Position HouseFloor SenateFloor

Addresseswhendeferredpropertytaxescome due;makestechnicalchanges.Changes implementationdate. S

Clarifiesthatthecommissionrequiresasellerto renewanexemptioncertificatewhenmorethan 12monthselapsebetweentransactionsbetween asellerorcertifiedproviderandapublisher. M

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