DAR File No. 29715

Tax Commission, Auditing

R865-25X

Brine Shrimp Royalty

FIVE-YEAR NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

DAR File No.: 29715
Filed: 03/21/2007, 11:23
Received by: NL

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 59-23-4 requires the Commission to annually determine the value of unprocessed brine shrimp eggs in accordance with a valuation methodology established by the Commission in rule.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Section R865-25X-1 defines terms, establishes a valuation methodology for unprocessed brine shrimp eggs, and indicates the information necessary for the Commission to value the unprocessed brine shrimp eggs. Therefore, this rule should be continued.

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

Tax Commission
Auditing
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

Authorized by:

D'Arcy Dixon, Commissioner