59-1-306. Definition — State Tax Commission Administrative Charge Account — Amount of administrative charge — Deposit of revenues into the restricted account — Interest deposited into General Fund — Expenditure of money deposited into the restricted account.
| (1) |
As used in this section, “qualifying tax, fee, or charge” means a tax, fee, or charge the commission administers under:
Terms Used In Utah Code 59-1-306- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (a) |
3; |
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| (2) |
There is created a restricted account within the General Fund known as the “State Tax Commission Administrative Charge Account.” |
| (3) |
Subject to the other provisions of this section, the restricted account shall consist of administrative charges the commission retains and deposits in accordance with this section. |
| (4) |
For purposes of this section, the administrative charge is a percentage of revenues the commission collects from each qualifying tax, fee, or charge of not to exceed the lesser of:
| (b) |
an equal percentage of revenues the commission collects from each qualifying tax, fee, or charge sufficient to cover the cost to the commission of administering the qualifying taxes, fees, or charges. |
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| (5) |
The commission shall deposit an administrative charge into the restricted account. |
| (6) |
Interest earned on the restricted account shall be deposited into the General Fund. |
| (7) |
The commission shall expend money appropriated by the Legislature to the commission from the restricted account to administer qualifying taxes, fees, or charges. |
Amended by Chapter 294, 2020 General Session
