From Deseret News archives:
Money abounds, but lawmakers feeling squeezed
56th session opens Monday, promises to be very 'different'
Financial institutions
The war between banks and credit unions is expected to reconvene this year under House Joint Resolution 1, "A Joint Resolution Related to Financial Institutions." The proposal affirms actions taken during the 2003 Legislature, creating a "non-exempt" class of credit union and asks the U.S. Congress to re-examine the rulings of the National Credit Union Administration and the tax structure for financial institutions.
It also asks Congress to "affirm the authority of states and local governments to determine whether federally chartered credit unions may be taxed the same as state chartered credit unions." Not surprisingly, credit union advocates are fiercely opposed to HJR 1 and have vowed to marshal their forces (and resources) to defeat it.
Cities and counties
Cities and counties will also be looking for other ways to improve safety and increase revenue through such efforts as the repeal of a law prohibiting the use of a photo radar, which city leaders such as Salt Lake Mayor Rocky Anderson are hoping to use to capture drivers who run red lights and speed. There may also be bills dealing with bicycle safety, allowing a service fee for the payment of fines and local taxes with a debit card, and an attempt to give police departments the ability to create a special district for their services.
Contributing: Joe Bauman, Amy Joi Bryson, Deborah Bulkeley, Geoffrey Fattah, Josh Loftin, Jennifer Toomer-Cook, Brady Snyder, Erin Stewart, Nicole Warburton
Comments
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