This bill modifies tax provisions.
This bill:
- consolidates certain State Tax Commission reports in relation to federal tax law changes;
- provides penalty provisions that apply if a producer fails to file a Form 1099 for mineral production tax withholding or fails to file the Form 1099 on time;
- modifies filing requirements applicable to producers for mineral production tax withholding;
- clarifies assessment requirements for the common areas of a condominium or community association;
- increases property valuation thresholds for which county reporting to the State Tax Commission and the Revenue and Taxation Interim Committee is required;
- modifies the definition of "indigent individual," as applied to property tax relief, by removing language that limits a finding of extreme hardship to counties;
- allows a taxpayer to appeal a county's denial of the taxpayer's application for property tax relief on the basis of late filing;
- consolidates a list of all privilege tax exemptions within the privilege tax statute;
- consolidates certain tax credit review requirements applicable to the Utah low-income housing tax credit;
- expands the definition of "Utah unrelated business income," as applied to corporate income tax, to include allocated income;
- modifies the taxpayer tax credit to align with federal tax changes;
- extends provisions allowing for pass-through entities to pay taxes on behalf of individuals;
- expands the definition of "short-term rental," as applied to sales and use tax, to include rentals involving real property;
- requires a county that imposes the 1% local option sales and use tax to distribute revenue collected within a newly-incorporated municipality to that municipality for a certain period;
- increases the weight-based motor vehicle exemption for the motor vehicle rental tax;
- modifies the motor vehicle exemptions for the tourism, recreation, cultural, convention, and airport facilities tax to match the exemptions for the motor vehicle rental tax;
- requires a taxing entity to provide notice of the reauthorization of certain local option sales taxes to the State Tax Commission within a certain period before the reauthorization takes effect;
- prohibits the State Tax Commission from enforcing a reauthorized local option sales tax unless the taxing entity provides timely notice of the reauthorization;
- repeals obsolete tax provisions, including the income tax credit for items using cleaner burning fuels and the inheritance tax; and
- makes technical and conforming changes.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 38-12-101, 59-1-213, 59-1-214, 59-1-401, 59-1-1410, 59-1-1413, 59-2-301.1, 59-2-303.3, 59-4-101, 59-6-103, 59-7-607, 59-7-801, 59-10-1010, 59-10-1018, 59-10-1403.2, 59-12-102, 59-12-203, 59-12-603, 59-12-703, 59-12-806, 59-12-1201, 59-12-1402, 59-12-2403