[{"_1":2,"_124":-5,"_125":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100,112],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6328416,"mediaKeyId","2320145-6734f676a89f9d6faaefe846c4da3651","parentId",2320145,"title","Panel recommends changes to tourism-tax reporting; auditor staffing cost noted","audioSeconds",154,"startMs",1983000,"endMs",2137000,"viewUrl","/Search/View?dp=1&key=2320145-6734f676a89f9d6faaefe846c4da3651&start=1983&end=2137","thumbnailUrl","https://assets.pipeline.soar.com/2320145-6734f676a89f9d6faaefe846c4da3651/thumbnail_1983000.jpg","articleUrl","/articles/6328416/Utah/Panel-recommends-changes-to-tourism-tax-reporting-auditor-staffing-cost-noted","mediaUrl","https://secure.pipeline.soar.com/6328416-e2bac604ffbdb406ed48776f52d2d300/orig.mp4?Expires=1771172624&Signature=l5iigJek26V9UXR0WiKFoPpiL0a0M1~ciuHa2pp2DpSRWUiyNbLUGdyvWFX9TruovUF98ncBleYGPqVbE2-kZWOMTwDTgGgSIHC3VLpHQyGqulNsoV3xzgxCS1EjcHkxxNMvoxni9QhDdU2W-ZhWCKDyNRfU8-GCgolBPrEUSoXOxkdPJ5vrRnhOG4nS59ts9laIohIcjEKAaEMCHP-BoEEmoaehcaxY3g6D9OCW3wBf~4FbHyjaNqebJo3hM7Gmt5ZczCl4VclupgMKDYJ8VpTyGC7JM8uUiOJZABbIeI~uSs2SkliKPJ5WuLu1W06ZP7wYHjZPhFWiEq~nL2l3zw__&Key-Pair-Id=KUT5TJCACFTXG","author","Utah State Legislature","date","2025-02-14T00:00:00Z","article","Senate Bill 2 61, a measure addressing tourism-related tax reporting and consequences for counties that fail to submit required reports, was recommended favorably by the Utah Senate Revenue and Taxation Committee on Feb. 14.

Sponsor Senator Brammer said the bill enables the state auditor to withhold certain funds when counties do not submit Tourism-Related Tax (TRT) reports as required. The committee review noted a small fiscal note: staff time and ongoing costs for the auditor's office estimated at roughly $12,000 ongoing and a net fiscal figure just under standard thresholds, which committee members discussed as typical agency accounting and workload additions.

Committee members asked about the fiscal estimate and the bill's enforcement mechanics; the sponsor responded the cost likely represents additional auditor manpower to examine reports. There was no public opposition at the hearing.

The committee voted to recommend SB 2 61 favorably; the motion passed in committee and the bill will move to the next legislative stage.","mediaType","Video","parentTitle","Senate Revenue and Taxation Committee - February 14, 2025","oneSentenceSummary","The committee voted Feb. 14 to recommend favorably Senate Bill 2 61, which allows the state auditor to take actions when counties fail to file tourism-related tax reports; the bill carried a small fiscal note for auditor staffing and passed in committee.","taxTitle","2025 Utah Legislature, Utah Legislature, Utah Legislative Branch, Utah","taxId",78171,"location","Utah","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6328421,"Committee advances bill expanding mineral exploration tax credit; sponsors dispute $2 million fiscal note",348,1590000,1938000,"/Search/View?dp=1&key=2320145-6734f676a89f9d6faaefe846c4da3651&start=1590&end=1938","https://assets.pipeline.soar.com/2320145-6734f676a89f9d6faaefe846c4da3651/thumbnail_1590000.jpg","/articles/6328421/Utah/Committee-advances-bill-expanding-mineral-exploration-tax-credit-sponsors-dispute-2-million-fiscal-note","https://secure.pipeline.soar.com/6328421-ec6eac8b940766afff11e42c987157f1/orig.mp4?Expires=1771172624&Signature=h77OEKYSlEwbXAhf~CwXejdpitu0KCY64nljhbtXc8GJK6maaxovM62YoKXhjGSLZ99~fOBKRW2p-YKLZTYHJ161VYy0hFozm8CLnDEsK5IwslrC-N9oYh5Omev3UmHNHPvI59f9cYC9a8fUjiQpbP7Q2FTXCFziWOvPuhGTnrtNqH6WrfxiXkM1gi4fGt45jE78Goa440PrTCf0X3smwGPaT5shDqy0qDELC3KLCHLHikoveMIClIQNOj3IUBlPiRK51GTgAbONo287po8ASm84bZg-dzoN4hQ09Jc0w51C~cHPRrz7rIX1NDC-XV3qNh6m3b1Mh6jkv84GNIwnbg__&Key-Pair-Id=KUT5TJCACFTXG","Senate Bill 2 34, a measure to expand Utah's mineral exploration tax credit, passed the Senate Revenue and Taxation Committee on Feb. 14 by a unanimous vote. Sponsor Senator Owens said the bill grew from months of work by the Unified Economic Opportunity Commission and would broaden an existing 2022 tax-credit program to cover more exploration and production activities.

Brian Summers, president of the Utah Mining Association, told the committee the bill would expand the 2022 exploration tax credit to include activities at existing operations that produce new minerals or use new technologies, and to refund a portion of qualified exploration expenditures once production generates new severance-tax revenue. \"This will allow for mining companies to undertake more exploration and development activities,\" Summers said, adding the credit has helped the state show it is open for new mining and exploration.

Sponsor and proponents disputed how the fiscal-note process treats post-performance credits. Senator Owens said the bill's fiscal note is listed as $2,000,000 but described it as post-performance and argued the net cost should be lower because the state would receive new severance tax revenue before issuing refunds. The committee acknowledged concerns and said staff would follow up with the Legislative Fiscal Analyst.

Senators voted to recommend SB 2 34 favorably; the motion passed unanimously 4–0 in committee. Proponents cited Utah's mineral endowment and a recent ranking of Utah by the Fraser Institute as a favorable mining jurisdiction.

What happens next: The bill will proceed to the Senate floor for further consideration; sponsors said companies are prepared to move forward if the credit expansion becomes law.","Senate Bill 2 34, presented by Senator Owens to expand the state's mineral exploration tax credit to more types of exploration and production, passed committee unanimously Feb. 14; sponsors argued the $2 million fiscal note is post-performance and disputed the methodology.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6328425,"Committee amends severance tax bill to boost geological survey operating funds, places measure on consent",404,68000,472000,"/Search/View?dp=1&key=2320145-6734f676a89f9d6faaefe846c4da3651&start=68&end=472","https://assets.pipeline.soar.com/2320145-6734f676a89f9d6faaefe846c4da3651/thumbnail_68000.jpg","/articles/6328425/Utah/Committee-amends-severance-tax-bill-to-boost-geological-survey-operating-funds-places-measure-on-consent","https://secure.pipeline.soar.com/6328425-fb3d1721a2bd8b91320982556cb3728d/orig.mp4?Expires=1771172624&Signature=LY1RA3jkXqSvAKa9H3sX7th7sbBuzIWAk~ltbl3Px~8pUI1k0iaA01YqUYsJvhYX91c-AqX0YNKTm6o-92kDBO9pnlGfcZv~kLU-G1yXeMuGb3JL4sTkn4JimXGf6VSrcnZHmw6G828wrbZCCpRUwYuj6oQq1CuMHKn7QA7gDi-LNhV7GqoLvWZFN1I7hpW7ViJVytfP6sKvssr7DQ9mpD1S2ICgbc06qzjzkD-saK~60lfGl-oK1u77w2YDuW6nuAHFgVd0Tz9iw6Hv4NgPO7BLa-4qTukToQNgg1pCoVmIja9PwCYwF94voSucxKKP~uirdv3i2~9aqIoA5tg3dw__&Key-Pair-Id=KUT5TJCACFTXG","The Utah Senate Revenue and Taxation Committee on Feb. 14 amended and recommended favorably Senate Bill 2 47, a severance tax revenue measure presented by Senator Hinkins. Committee members adopted an amendment that reduced a proposed 5 percent allocation to 3.5 percent for a specified bracket and increased a separate line from 1 percent to 1.5 percent; sponsors said the change is intended to provide operating funds for the Utah Geological Survey restricted account.

Senator Hinkins proposed changing the language on line 85 from 5 percent to \"3 and a half percent\" and retaining increases on line 86 to 1.5 percent. \"I've gone from 2 and a half to 3 and a half percent instead of the 5%,\" Hinkins said while describing the amendment. He told the committee the adjustment \"allows the department ... the Utah geological survey restricted account ... to operate\" while the state monitors revenue shifts tied to federal vs. private land activity.

Committee members voted to adopt the amendment (voice vote recorded as passing 2–0 in the earlier amendment votes when only two members constituted quorum) and later voted to recommend the amended bill. After the committee voted to pass SB 2 47 as amended, members agreed to place the bill on the committee consent calendar, meaning it would advance without floor amendments unless otherwise removed.

A line in discussion referenced the first \"$50,000,000 of the average aggregate annual revenue.\" Sponsors said the change is intended to provide operational funding to the Utah Geological Survey restricted account while federal-property revenue shares shift.

What happens next: The committee recommended SB 2 47 as amended and placed it on consent; the amended bill will move to the Senate calendar for further consideration.","Senate Bill 2 47, a severance tax revenue amendment presented by Senator Hinkins, was amended in committee on Feb. 14 to change a 5% rate to 3.5% (for the first $50 million average aggregate annual revenue) and to raise a related 1% rate to 1.5%; the committee unanimously recommended the amended bill and placed it on consent.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6328429,"Committee approves sales-tax exemption aimed at luring energy-storage manufacturers",677,2154000,2831000,"/Search/View?dp=1&key=2320145-6734f676a89f9d6faaefe846c4da3651&start=2154&end=2831","https://assets.pipeline.soar.com/2320145-6734f676a89f9d6faaefe846c4da3651/thumbnail_2154000.jpg","/articles/6328429/Utah/Committee-approves-sales-tax-exemption-aimed-at-luring-energy-storage-manufacturers","https://secure.pipeline.soar.com/6328429-e1d3a2b6165db803b37f5f348a1a0cea/orig.mp4?Expires=1771172624&Signature=nw5di0t3mezvkkgTi-Rmb~ywgsA4r94745Qgyz38OXm0GX2hNRKj4IgjNl8OxMX~uznj1XyBudQTFk5negA2GucdZ8EdJKzLLst17kEhF2SHKSccCOcVbsZm4ul0hAdpBDmimkKRNXVmaIFrx-~KsYvFUKAUU7gVSU1uSWUjPLpGQYwVnj2VHfHq9LAvsaK~2-b9L7p10kpNQPcQKIz9X1lEmgMIqeBKPfQm7iIN0V2rWmLH5blwdy497EBp25ULJxD7cUw~dhbhsy19JXixM84YCvW89dZ3h4i95KqhJlXCKqaaYJrzqJDEdDYu1LPtLkKfZiDhpviuJb4WVtaJaA__&Key-Pair-Id=KUT5TJCACFTXG","The Utah Senate Revenue and Taxation Committee on Feb. 14 passed Senate Bill 2 13, Sales and Use Tax Modifications, as amended. The bill creates a sales-and-use tax exemption for qualifying energy storage manufacturing facilities that manufacture in Utah. The committee voted to pass the bill and recommend it to the Senate floor; recorded support was 4–0 in committee.

Sponsor Senator Harper told the committee the measure is modeled on past exemptions used to attract large manufacturers, citing Utah's earlier work to attract chip manufacturers two decades ago. \"This is an exemption ... prior to the businesses coming into Utah,\" Harper said, adding the intent is to remove taxes on inputs so companies can build in-state capacity.

Public testimony included Nate Walkingshaw, CEO and founder of Taurus, an in-state energy storage company. \"Less than 10% of energy storage is manufactured in our in our country right now,\" Walkingshaw said, and he detailed workforce and national-security rationales for onshoring energy-storage manufacturing, citing cybersecurity and the need for advanced automation and technical roles.

Committee members asked whether any companies had been identified. The sponsor said no large manufacturer currently operates in Utah, and proponents said one or two start-ups had expressed interest in finding a favorable site. Members discussed trade-offs between growth and state capacity, and Senator Escamilla noted federal procurement rules that can favor U.S.-manufactured products.

Senator Harper moved to pass SB 2 13 as amended; the motion passed in committee (recorded 4–0) and the bill was forwarded to the Senate calendar. The sponsor said there was no immediate fiscal impact but that the exemption would forego future sales-tax revenue if companies locate and begin operations.

What happens next: The committee sent the bill to the full Senate. Supporters urged the Legislature to use targeted exemptions to attract in-state energy-storage manufacturing and the technical jobs that accompany it.","The Revenue and Taxation Committee voted Feb. 14 to pass Senate Bill 2 13 as amended, creating a sales-and-use tax exemption for qualifying energy storage manufacturing facilities; sponsor and a local startup argued it could bring hundreds of jobs though no in-state manufacturers currently exist.",{"_33":113,"_35":36,"_37":38,"_39":114,"_41":115,"_43":116,"_45":117,"_47":118,"_49":119,"_51":120,"_53":121,"_55":56,"_57":58,"_59":122,"_61":62,"_63":64,"_65":123,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6328434,"Senate panel backs bill to change tax apportionment for banks; fiscal note $16 million",961,505000,1466000,"/Search/View?dp=1&key=2320145-6734f676a89f9d6faaefe846c4da3651&start=505&end=1466","https://assets.pipeline.soar.com/2320145-6734f676a89f9d6faaefe846c4da3651/thumbnail_505000.jpg","/articles/6328434/Utah/Senate-panel-backs-bill-to-change-tax-apportionment-for-banks-fiscal-note-16-million","https://secure.pipeline.soar.com/6328434-0a00380b14fe61e794cf4285b3d4a5a8/orig.mp4?Expires=1771172624&Signature=E2qtok~4LQr-4jHbYVCXsdNtOKYDKF7kDDFgtQ4ZUVcMpBHwml6fXDb~Eo5DfBFjSBdFIrlaIZ69D7nvmMo~ICr93aIGUjgnwEDZrRLv1u~eP6By1EUvackKTtt3zi259~1elx3isdn6w1oZdC0DgtKfZuAOsrMf5WA1VJ4QTLAwWtu314lDIlieImhf7-Zoq0NDUCKdE4X8wIlCrxjqKQMCLvmJF5evqn9Frh8mjwMJEdU432CeNEHLtiMn1ipyy7gofbExWofnuWpF0oK3xxtuWBijCGu3p7pzX52w3XHMm9ePOgGJ~ElHXgQrwn5iAjlnyUmoa9XhJuH83jRquw__&Key-Pair-Id=KUT5TJCACFTXG","The Utah Senate Revenue and Taxation Committee on Feb. 14 adopted and recommended favorably the first substitute of Senate Bill 2 19, Financial Institution Tax Amendments, a measure sponsors say will remove an employee-and-property apportionment penalty applied to banks' investment income. The committee adopted the first substitute and then voted 3–0 to recommend the bill to the full Senate.

Proponents said the change aligns statutory language with a long-standing Tax Commission administrative rule and is aimed at keeping banks and investment operations in Utah. \"We have a tax cut, and it's an important tax cut,\" said Steve Young, an attorney with Holland & Hart speaking for the Utah Bankers Association, explaining the bill's intent to tax investment income without the employee-and-property penalty.

The bill's fiscal note was cited repeatedly during the hearing. Sponsors and the bill's backers said the Legislative Fiscal Analyst estimate is about $16,000,000 in foregone revenue if current activity continues, and that passing the bill is intended to keep that economic activity and related tax base in state. Senator McKell (sponsor) said that if the bill does not pass, \"these other banks are going to most likely leave the state as well,\" language used to emphasize potential revenue and economic-loss risk.

Committee members pressed proponents on how many businesses may have left Utah under the rule. Steve Young estimated the number of financial institutions that left in the last 20 years at \"10 to 20,\" while acknowledging that was speculative. Young described the language in the first substitute as largely cut-and-pasted from the Tax Commission's administrative rule so the rule and statute will be consistent.

John Valentine, chairman of the Utah State Tax Commission, told the committee the commission \"has no objections to the bill as the first substitute\" and said the commission prefers the legislature make policy calls with large fiscal impacts rather than rely on administrative-rule changes. \"If we do not do the first substitute, then the changes would cause significant ambiguities in the statute,\" Valentine said.

Committee members adopted the first substitute (motion passed unanimously, 3–0) and then voted 3–0 to recommend SB 2 19, first substitute, favorably to the Senate. The sponsor and proponents said they notified the public and released fiscal materials in advance; members noted the tax commission and fiscal analysts had been consulted.

What happens next: The committee sent the bill to the full Senate. The Tax Commission chairman said he is available for follow-up questions and that the commission prefers legislative action when a change carries a sizeable fiscal impact.","The Utah Senate Revenue and Taxation Committee voted unanimously Feb. 14 to adopt and recommend favorably the first substitute of Senate Bill 2 19, which removes an employee-and-property apportionment penalty for financial institutions; the bill carries a $16,000,000 fiscal note, sponsors said.","actionData","errors"]

Article not found

Panel recommends changes to tourism-tax reporting; auditor staffing cost noted

Committee advances bill expanding mineral exploration tax credit; sponsors dispute $2 million fiscal note

Committee amends severance tax bill to boost geological survey operating funds, places measure on consent

Committee approves sales-tax exemption aimed at luring energy-storage manufacturers

Senate panel backs bill to change tax apportionment for banks; fiscal note $16 million