DAR File No. 29324

Tax Commission, Administration

R861-1A-19

Definition of Bond Pursuant to Utah Code Ann. Section 59-1-505

NOTICE OF PROPOSED RULE

DAR File No.: 29324
Filed: 12/14/2006, 03:01
Received by: NL

RULE ANALYSIS

Purpose of the rule or reason for the change:

2005 legislation (S.B. 170) repealed Section 59-1-505 and placed all bond requirements in other sections of the tax code. (DAR NOTE: S.B. 170 is found at Chapter 198, Laws of Utah 2005, and was effective 05/02/2005.)

Summary of the rule or change:

This section is proposed to be deleted.

State statutory or constitutional authorization for this rule:

Section 59-1-505

Anticipated cost or savings to:

the state budget:

S.B. 170 (2005) made statutory changes to bonding provisions for sales, withholding, and fuels taxes licenses. Any impacts would have been taken into account in that legislation.

local governments:

S.B. 170 (2005) made statutory changes to bonding provisions for sales, withholding, and fuels taxes licenses. Any impacts would have been taken into account in that legislation.

other persons:

S.B. 170 (2005) made statutory changes to bonding provisions for sales, withholding, and fuels taxes licenses. Any impacts would have been taken into account in that legislation.

Compliance costs for affected persons:

None--The proposed deletion of this section has no impact since all provisions relating to bonding for sales, withholding, and fuels tax licenses were codified in 2005.

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

There are no anticipated impacts. 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
Administration
210 N 1950 W
SALT LAKE CITY UT 84134-0002

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:

01/31/2007

This rule may become effective on:

02/07/2007

Authorized by:

D'Arcy Dixon, Commissioner

R861. Tax Commission, Administration.

R861-1A. Administrative Procedures.

[R861-1A-19. Definition of Bond Pursuant to Utah Code Ann. Section 59-1-505.

A. The bond that a taxpayer may deposit with the Tax Commission pursuant to Section 59-1-505 shall consist of one of the following:

1. a surety bond;

2. an assignment of savings account; or

3. an assignment of certificate of deposit.

 

]KEY: developmentally disabled, grievance procedures, taxation, disclosure requirements

Date of Enactment or Last Substantive Amendment: [September 15, 2006]2007

Notice of Continuation: April 22, 2002

Authorizing, and Implemented or Interpreted Law: [59-1-505]