This bill:

• consolidates certain State Tax Commission reports in relation to federal tax law changes;
• provides penalty provisions that apply if a producer fails to file a Form 1099 for mineral production tax withholding or fails to file the Form 1099 on time;
• modifies filing requirements applicable to producers for mineral production tax withholding;
• clarifies assessment requirements for the common areas of a condominium or community association;
• increases property valuation thresholds for which county reporting to the State Tax Commission and the Revenue and Taxation Interim Committee is required;
• modifies the definition of "indigent individual," as applied to property tax relief, by removing language that limits a finding of extreme hardship to counties;
• allows a taxpayer to appeal a county's denial of the taxpayer's application for property tax relief on the basis of late filing;
• consolidates a list of all privilege tax exemptions within the privilege tax statute;
• consolidates certain tax credit review requirements applicable to the Utah low-income housing tax credit;
• expands the definition of "Utah unrelated business income," as applied to corporate income tax, to include allocated income;
• modifies the taxpayer tax credit to align with federal tax changes;
• extends provisions allowing for pass-through entities to pay taxes on behalf of individuals;
• expands the definition of "short-term rental," as applied to sales and use tax, to include rentals involving real property;
• requires a county that imposes the 1% local option sales and use tax to distribute revenue collected within a newly-incorporated municipality to that municipality for a certain period;
• increases the weight-based motor vehicle exemption for the motor vehicle rental tax;
• modifies the motor vehicle exemptions for the tourism, recreation, cultural, convention, and airport facilities tax to match the exemptions for the motor vehicle rental tax;
• requires a taxing entity to provide notice of the reauthorization of certain local option sales taxes to the State Tax Commission within a certain period before the reauthorization takes effect;
• prohibits the State Tax Commission from enforcing a reauthorized local option sales tax unless the taxing entity provides timely notice of the reauthorization;
• repeals obsolete tax provisions, including the income tax credit for items using cleaner burning fuels and the inheritance tax; and
• makes technical and conforming changes.