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Show un iJCLonert) uuut ax e Limits Hueuiu-n- COMPLETE TEXT OF INITIATIVE B TAX REDUCTIONS (The Peoples Tax Reduction Act) exenq users thal ti motor inslru REDUCING THE RATE OF STATE INCOME, SALES, MOTOR FUEL, AND TOBACCO PRODUCTS TAXES TO 1986 LEVELS; PROVIDING AN EFFECTIVE DATE. AN ACT BE IT ENACTED BY THE LEGISLATURE OR BY THE PEOPLE OF THE STATE OF UTAH: 1. Section 69 10 104, Utah Code Annotated 1953, as renumbered and amended by Chapter 2, Laws of Utah 1987, is to read: repealed and 59 10 104 A tax is hereby imposed on the state taxable income, as defined in Sections 59 10 111 and 59 10 112, of every resident individual, determined: (1) In the case of every individual, other than a husband and wife or head of household required to use the tax table set forth in Subsection (2), a tax in accordance with the following table: SECTION If the state taxable income is. Not over 4750 but not over $1,500 but not over $2,250 but not over $3,000 Over $3,000 but not over $3,750 Over $750 Over $1,500 Over $2,250 Over $3,750 tax is the state taxable income $15, plus 3 of excess over $750 of excess over $1,500 $38, plus 4 of excess over $2,250 $68, plus 5 $105, plus 6 of excess over $3,000 of excess over $3,750 $150, plus 1 The 2 of (2) In the case of a husband and wife filing a single return jointly, or a head of a household (as defined in section 2(b), Internal Revenue Code of 1954, as hereafter amended, redesignated, or reenacted) filing a single return, a tax in accordance with the following table: If the state taxable income isNot over $1,500 Over $1,500 but not over $3,000 Over $3,000 but not over $4,500 Over $4,500 Over $6,000 Over $7,500 but not over $6,000 but not over $7,500 tax is the state taxable income $30, plus 3 of excess over $1,500 of excess over $3,000 $87, plus 4 $147, plus 5 of excess over $4,500 $222, plus 6 of excess over $6,000 $312, plus 7 of excess over $7,500 The 2 of SECTION 2. Section 59 12 103, Utah Code Annotated 1953, as last amended by Chapter 148 and 221, Laws of Utah 1987, is repealed and re enacted to read: 59 12 103. (1) There is levied a tax on the purchaser for the amount paid or charged for the following: (a) retail sales of tangible personal property made within the state; (b) amount paid to common carriers or to telephone or telegraph corporations as defined by Section 54 2 I, whether the corporations are municipally or privately owned, for all transportation, telephone service or telegraph service; (c) gas, electricity, heat, coal, fuel oil, or other fuels sold or furnished for commercial consumption; (d) gas, electricity, heat, coal, fuel oil, or other fuels sold or furnished for residential use; (e) meals sold; (f) admission to any place of amusement, entertainment, or recreation, including seats and tables reserved or otherwise, and other similar accommodations; (g) services for repairs or renovations of tangible personal property or services to install tangible personal property in connection with other tangible personal property; (h) cleaning or washing of tangible personal property; (0 tourist home, hotel, motel, or trailer court accommodations and services for less than 30 consecutive days; Page 26 (j) laundry and dry cleaning services; (k) leases and rentals of tangible personal property if t owner property situs is in this state, if the lessee took possession in II certifi state, or if the property is stored, used, or otherwise consumed in tt provit state; and fuels (l) tangible persona) property stored, used, or consumed inti ( state. cases (2) Except for subsection (1) (d), the rates of the tax lew direct under Subsection (1) shall be: vehu (a) 5 332 from July 1, 1986, through December 31, 1989, at permi 4 1990 from and after 1, 12 January (b) taxes, (3) The rates of the tax levied under Subsection ( 1 ) (d) shall - comp 2 a from December 31, 1989, the a (a) 332 July 1, 1986, through (b) 1 12 from and after January 1, 1990. vehicl SECTION 3. Section 59 13 201, as last amended by Chapter 63 at 139, Laws of Utah 1987, is repealed and re enacted to read: 59 13 201 (1) A tax is imposed at the rate of 14 cents per gall upon all motor fuel that is sold, used, or received for sale or use in t: state. (2) No tax is imposed upon: (a) motor fuel which is brought into and sold in this state original packages as purely interstate commerce sales; (b) motor fuel which is exported from this state, if prod actual exportation on forms prescribed by the commission is mai within 180 days after exportation. The commission may either colls no tax or upon application refund the tax paid; (c) motor fuel which is sold to the United States, this state i the political subdivisions of this state, where sale and deliver) made in quantities of 750 gallons or more; or (d) motor fuel or components of motor fuel, which is sold ar used in this state and distilled from coal, oil shale, rock aspha bituminous sand, or solid hydrocarbons located in this state. (3) All revenue received by the commission under this part stk be deposited daily with the state treasurer and credited to ll Transportation Fund All of the states increase of such revenue und this part shall be used for the reconstruction and repair of highwai roads, and streets. An appropnation from the Transportation Fur shall be made to the commission to cover expenses incurred in tl administration and enforcement of this part and the collection oflt motor fuel tax. (4) The Division of Finance shall place an amount equal to tl amount received from the sale or use of motor fuel used in motorboat registered under the provisions of the State Boating Act, s determined by the commission, as a restricted revenue account in it General Fund of the state. The funds from this account shall be ust for the construction, improvement, operation, and maintenance state owned boating facilities and for the payment of the costs ar expenses of the Division of Parks and Recreation in admimstenr and enforcing the State Boating Act. (5) (a) The State Tax Commission shall refund annually into Off Highway Vehicle Account in the General Fund an amount equal d the lesser of the following: (i) .3 of the motor fuel tax under Section 41 11-- or (u) $250,000. (b) This amount shall be used as provided in Section 41 22 SECTION 4. Section 59 13 301, as last amended by Chapter 139, La of Utah 1987, is repealed and re enacted to read: 59 13 301. (1) A taxis imposed at the rate ofl 4 cents per galk on the sale or use of special fuel. (2) No tax is imposed upon special fuel which: (a) is sold or used for any purpose other than to operate propel a motor vehicle upon the public highways of the state, but th |