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Key Votes

HB 359 - Tax Law Amendments - Key Vote

Utah Key Votes

Jon Huntsman, Jr. signed this Legislation.

Read statements Jon Huntsman, Jr. made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Tax Law Amendments

Legislation - Concurrence Vote Passed (House) (49-23) - (Key vote)

Title: Tax Law Amendments

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that increases the sales and use tax from 4.65 to 4.70 percent and provides additional tax credits.

Highlights:
- Removes bracketed state income tax rates and imposes an individual income tax rate of five percent (Sec. 24). - Provides a tax credit to individuals who purchase their own health insurance. The credit is limited to $300 for single filers, $600 for joint filers, and $900 for filers with dependents (Sec. 58). - Provides a tax credit equal to the 25 percent of the amount paid for a solar energy device. This credit is capped at $2,000 (Sec. 59). - Provides a tax credit equal to the amount contributed to a medical savings account (Sec. 56). - Provides a tax credit equal to five percent of an individuals total short and long term capital gains transactions (Sec. 57). - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Critical Highway Needs Fund [sec. 78 (11) (a) (i)]. - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Transportation Investment Fund of 2005 [sec. 78 (11) (b) (i)]. - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Transportation Fund to address chokepoints in construction management [sec. 78 (12) (a)]. - Exempts the tax on the sale of fuel for locomotive engines used by common carriers [sec. 79 (69)]. - This is a substitute bill sponsored by Senator Wayne Niederhauser.
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed (Senate) (24-3) - (Key vote)

Title: Tax Law Amendments

Vote Smart's Synopsis:

Vote to pass a bill that increases the sales and use tax from 4.65 to 4.70 percent and provides additional tax credits.

Highlights:
- Removes bracketed state income tax rates and imposes an individual income tax rate of five percent (Sec. 24). - Provides a tax credit to individuals who purchase their own health insurance. The credit is limited to $300 for single filers, $600 for joint filers, and $900 for filers with dependents (Sec. 58). - Provides a tax credit equal to the 25 percent of the amount paid for a solar energy device. This credit is capped at $2,000 (Sec. 59). - Provides a tax credit equal to the amount contributed to a medical savings account (Sec. 56). - Provides a tax credit equal to five percent of an individuals total short and long term capital gains transactions (Sec. 57). - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Critical Highway Needs Fund [sec. 78 (11) (a) (i)]. - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Transportation Investment Fund of 2005 [sec. 78 (11) (b) (i)]. - Deposits the revenue generated by a 0.025 percent tax rate on sales and use transactions into the Transportation Fund to address chokepoints in construction management [sec. 78 (12) (a)]. - Exempts the tax on the sale of fuel for locomotive engines used by common carriers [sec. 79 (69)]. - This is a substitute bill sponsored by Senator Wayne Niederhauser.
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed (House) (63-0) -
Legislation - Introduced (House) -

Title: Tax Law Amendments

Sponsors

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