Affirms the Utah Legislature's decision to establish a class of nonexempt credit unions and encourages the U.S. Congress to adopt a similar approach.

Urges Congress to examine National Credit Union Administration rulings and "take appropriate action."

Urges Congress to affirm state and local government authority to determine whether federally chartered credit unions may be taxed the same as state-chartered credit unions.

Urges Congress to provide a "principled, fair and equitable" tax structure for financial institutions that allows the state to determine what state and local taxes shall apply to financial institutions.

Asks Congress to provide an explanation if it chooses to retain the current tax structure for financial institutions.

Asks Congress to take into account lost revenues as a result of federal financial institution tax policy and regulations when determining money for the state.