Tuesday, February 13, 2007

SB0068S01: Restaurant's To Tax Counties

SB0068, that would require counties to pay towards Utah Restaurant Associations advertising campaigns, has been substituted with a bill that does the same thing, but spreading its burden across more counties.

In addition to taxing more counties, the bill favors counties with 'qualifying' debt. That is, if a county has debt from a qualifying bond, then the amount used to pay off the debt that year can be subtracted from 3% of the revenue that the county would usually pay. This may pressure counties to move their debt to this area so that it can pay less toward the restaurant fund, and gain more of its own revenues back.

Update: This bill is now on hold in the Senate Workforce Services and Community and Economic Development Committee.