DAR File No. 29110

Tax Commission, Property Tax

R884-24P-64

Determination and Application of Taxable Value for Purposes of the Property Tax Exemptions for Disabled Veterans and the Blind Pursuant to Utah Code Ann. Sections 59-2-1104 and 59-2-1106

NOTICE OF PROPOSED RULE

DAR File No.: 29110
Filed: 10/06/2006, 02:18
Received by: NL

RULE ANALYSIS

Purpose of the rule or reason for the change:

S.B. 23 (2005 General Session) eliminated the need for the Tax Commission to keep valuation tables in place for boats and off-highway vehicles, since those items are no longer taxed based on value, but on age and, in the case of boats, age and length. (DAR NOTE: S.B. 23 (2005) is found at Chapter 244, Laws of Utah 2005, and was effective 01/01/2006.)

Summary of the rule or change:

The proposed amendment provides a method to calculate value of boats and off-highway vehicles that are no longer subject to a valuation based personal property tax.

State statutory or constitutional authorization for this rule:

Sections 59-2-1104 and 59-2-1106

Anticipated cost or savings to:

the state budget:

None--Any fiscal impact was taken into account in S.B. 23 (2005).

local governments:

None--Any fiscal impact was taken into account in S.B. 23 (2005).

other persons:

None--Any fiscal impact was taken into account in S.B. 23 (2005).

Compliance costs for affected persons:

None--An individual's property tax exemption for the disabled or blind has always been based on the value of the individual's tangible personal property.

Comments by the department head on the fiscal impact the rule may have on businesses:

There are no anticipated costs to businesses with this rule. D'Arcy Dixon, Commissioner

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Tax Commission
Property Tax
210 N 1950 W
SALT LAKE CITY UT 84134

Direct questions regarding this rule to:

Cheryl Lee at the above address, by phone at 801-297-3900, by FAX at 801-297-3919, or by Internet E-mail at clee@utah.gov

Interested persons may present their views on this rule by submitting written comments to the address above no later than 5:00 p.m. on:

12/01/2006

This rule may become effective on:

12/08/2006

Authorized by:

D'Arcy Dixon, Commissioner

R884. Tax Commission, Property Tax.

R884-24P. Property Tax.

R884-24P-64. Determination and Application of Taxable Value for Purposes of the Property Tax Exemptions for Disabled Veterans and the Blind Pursuant to Utah Code Ann. Sections 59-2-1104 and 59-2-1106.

[A. ]For purposes of Sections 59-2-1104 and 59-2-1106, the taxable value of [vehicles]tangible personal property subject to [the Section 59-2-405.1]a uniform fee under Sections 59-2-405.1 or 59-2-405.2 shall be calculated by dividing the [Section 59-2-405.1 ]uniform fee the [vehicle]tangible personal property is subject to by .015.

 

KEY: taxation, personal property, property tax, appraisals

Date of Enactment or Last Substantive Amendment: [September 21], 2006

Notice of Continuation: April 5, 2002

Authorizing, and Implemented or Interpreted Law: 59-2-1104; 59-2-1106