From Deseret News archives:
Bank fight may go federal
State considering asking Congress to get involved
The co-chairmen of the Utah Financial Institutions Task Force, Rep. Jeff Alexander, R-Provo, and Sen. Dan Eastman, R-Bountiful, said at the committee's meeting Thursday that a resolution might be needed to to "stop the erosion of the state's tax base" an erosion caused, according to Alexander, by federal credit union regulators' recent decisions broadening the operating area for federal credit unions in Utah.
Thursday's meeting was likely the task force's penultimate gathering, and Alexander and Eastman said they hope the group can put together something in the next month either a report or a resolution to Congress to present for the Legislature's approval next session. Committee members will submit their suggestions and accept recommendations from interested parties in the coming weeks, and hopefully have a draft of some kind ready by the committee's final meeting, scheduled for early November.
Alexander and Eastman said they believe a resolution is appropriate. Others did not agree.
Reps. Jackie Biskupski, D-Salt Lake; LaVar Christensen, R-Draper; Mike Thompson, R-Orem; and Sen. Michael Waddoups, R-Taylorsville, were among the committee members who questioned whether a resolution was premature or necessary.
"I'm just kind of averse to asking Congress to tax any more, any of my constituents," said Waddoups. "It seems a chicken way out. If we messed up this situation, we should be willing to fix it.
"Maybe if we're writing a resolution, I'm thinking maybe what we ought to do is send a resolution to the credit unions that are changing over to the federal charters and tell them that we do appreciate them, that we recognize that they no longer have to pay sales tax in our state. But that we'd like them to be state chartered and . . . ask them what we need to do to be more attractive to them."
Other suggestions bandied about during Thursday's meeting included general taxation and state's rights issues, such as when or if it is appropriate for federal regulators to impact a state's tax policies.
Comments
- S.L. could up fees to rec facilities 5:55 p.m.
- Utah GOP opposes ethics initiative 5:45 p.m.
- Alternative to climate change? 5:40 p.m.
- Utah sells most 'New Moon' tickets 5:39 p.m.
- The origins of Thanksgiving Day 5:07 p.m.
- Test your Thanksgiving Day IQ 5:07 p.m.
- Fun facts about Thanksgiving 5:06 p.m.
- Words of thanks 5:06 p.m.
- Animal lovers blast grandma 5:06 p.m.
- Save glass coffee carafe 5:06 p.m.
- Real Champions
- Bronco, Kyle rubber match
- RSL wins MLS Cup on penalty kicks
- BCS at-large bids up for grabs
- Plenty on line for rivalry game
- Time for big matchups in WAC, MWC
- Protests against Phoenix LDS temple
- Hall, Johnson matchup key
- Is talking about religion taboo?
- BYU's Lamb, Jorgensen reprimanded
- Buttars wants to limit gay rights laws
214 - Glenn Beck to enter politics?
212 - RSL wins MLS Cup on penalty kicks
192 - Palin plans tour stop in Utah
178 - BYU records with win
132 - Palin's book shows she's unqualified
131 - Bronco, Kyle rubber match
115 - Officer cleared in Cardall Taser case
103 - BYU cuts Women's Research Inst.
103 - Jazz finally win in San Antonio
99
Are you a small business owner who can't afford a holiday party this year?
The church shouldn't impose their political views on politicians but as a...
Is like saying "Don't do that again you naughty boy". No big deal, and who...
The usual rock throwers are here from both sides. A very snappy sarcastic...
As an applied physicist you must know that CO2 is a threat because it cannot...
Groups protested the same way in San Diego. Now, the community and County...
I love all the Y-ners who sign in as Anonymous because they have not the...
BYU fans are ridiculous....Of course a BYU fan will say that they shredded...
"Condominiums will be built as a buffer between the commercial area and...
You kidding texas 78, deron had so many clean blocks and that guy that were...
@Mikey | 5:27 p.m. Nov. 23, 2009 I'm defining it based on the article....


You can be the first to comment on this story.